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Daily News

Below please find daily updates pertaining to the latest in financial, business, and tax news:

Taxpayer Advocate Service Feed

National Taxpayer Advocate Public Forum Transcripts

Tue, Nov 22, 2016

"[You] ask people, okay, if you had the choice between trying to find the answer to a government question online, yourself, or just picking up the phone and calling somebody, which would you prefer? Sixty percent of people say they prefer to pick up the phone, including half of millennials."  — Rick Parrish, Senior Analyst serving Customer Experience Professionals, Forrester...

2016 Nationwide Tax Forum Seminars available for CPE credit

Wed, Nov 16, 2016

If you did not attend the 2016 Nationwide Tax Forums this year, it's not too late to earn continuing professional education (CPE) credits. There are 13 interactive, self-study courses now available for view at the IRS Nationwide Tax Forums Online site, including downloadable PowerPoint slides and transcripts for each seminar. Certain courses may be viewed at no cost, allowing you to obtain pert...

Important News: Some 2016 refunds won’t be released until after February 15

Tue, Nov 01, 2016

UPDATE: As the holidays approach, the IRS reminds taxpayers of refund delays in 2017. One of the biggest changes for taxpayers claiming the Earned Income Tax Credit (EITC) or Additional Child Tax Credit (ACTC) on federal tax returns for tax year 2016, is that any credit or refund will not be released until on or after February 15. This is just one of many changes made under the Protecting Ameri...

Four online ACA estimators help you prepare for tax time

Tue, Nov 01, 2016

Taxpayers and businesses can use these before filing their federal tax returns. Tax filing season will be here before you know it. As you plan and prepare your information over the next few months, don’t forget TAS has four online Affordable Care Act (ACA) estimators that can help you. These four easy-to-use tools are designed to help taxpayers estimate ACA credits and payments. They can ...

New email scam uses fake IRS notices to solicit Affordable Care Act payments

Thu, Oct 06, 2016

Did you get a notice you thought was from the IRS? Make sure it is a real one before paying. The IRS has issued a warning to taxpayers and tax professionals about a new scam related to the Affordable Care Act.  The warning encourages people to be on the alert against fake emails purporting to contain an IRS tax bill related to the Affordable Care Act. Reports from around the country t...

Premium Tax Credit: 3 ways to reduce the chance of owing taxes

Thu, Sep 22, 2016

This past filing season saw some people owing money at tax time that they didn’t expect. Why? Because they didn’t provide an accurate income estimate to the Marketplace when enrolling for health insurance or they forgot to report changes to the Marketplace immediately. Don’t let that be you next year! Here are three ways to help lessen your chances of owing money at tax time, ...

Got a notice about a healthcare coverage related issue recently and not sure what to do with it?

Wed, Sep 21, 2016

With both the IRS and the Healthcare Marketplace sending healthcare notices out each year, you might be confused. We hope the information below will help you sort out why you received this message and what you need to do to respond. IRS Healthcare Related Notices Premium Tax Credit Letter 12C This letter is sent if healthcare coverage related documents, like the Form 1095A, Health Insurance Mar...

ALERT: Parents and students should be on the lookout for potential tax scams

Tue, Sep 13, 2016

With students headed back to school in a few short weeks, parents and students alike should be advised of telephone scammers who target taxpayers during the back-to-school season. Such scammers demand payment for taxes like the "Federal Student Tax" -- a bogus tax. Scammers are always trying to update ways in which they can carry out their scams, including: altering the caller ID on incoming ca...

Two new videos feature our Taxpayer Advocate Service Affordable Care Act estimators

Thu, Sep 01, 2016

Two new videos are now available that provide a brief overview of the four available Affordable Care Act (ACA) estimator tools. All of the easy-to-use ACA estimators are designed to help you estimate ACA related credits and payments. The videos separate the estimator overviews by audience: one for individuals covering the Individual Shared Responsibility Payment and the Premium Tax Credit Chang...

Forum on taxpayer service in San Antonio, TX

Thu, Sep 01, 2016

National Taxpayer Advocate Nina E. Olson and Rep. Lloyd Doggett, a member of the House Committee on Ways and Means and the Ranking Member of its Subcommittee on Human Resources, held a public forum to discuss what taxpayers want and need from the IRS to comply with their tax obligations. The Hispanic Chamber of Commerce hosted the forum at the Maestro Entrepreneur Center in San Antonio.  A...