Investor Glossary-taxpayer advocate serviceInvestor Glossary-taxpayer advocate serviceInvestor Glossary-taxpayer advocate serviceInvestor Glossary-taxpayer advocate serviceInsightful stock market charts - Click here
investor
Categories    # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Taxpayer Advocate Service

The HTML to link to this page
 

The Taxpayer Advocate Service is an independent office within the IRS. Congress established the taxpayer advocate service in 1996 to help taxpayers resolve disputes with the agency that could not be resolved through normal channels. Taxpayer Advocate Service personnel also try to advise taxpayers on ways to prevent future problems. The driving force behind the creation of the Taxpayer Advocate Service was a perception that the Office of Taxpayer Ombudsman was not independent enough from the IRS. Previously, the Office of the Taxpayer Ombudsman had handled the duties now performed by the Taxpayer Advocate Service. Advising services provided by the Taxpayer Advocate Service are free and confidential. Individuals and businesses may both use the Taxpayer Advocate Service. Every state, Puerto Rico, and Washington, D.C. has at least one Taxpayer Advocate Service representative. By statute, the Taxpayer Advocate Service must submit two annual reports to the House Ways and Means Committee and the Senate Committee on Finance without prior review by the IRS, U.S. Treasury, or Office of Management and Budget. The Taxpayer Advocate Service is also known as TAS.



Rate this Taxpayer Advocate Service definition...

Learn about investing with the Investor Glossary Term of the Day


Click here for insightful stock market charts. Where is the market headed? The answer may surprise you. Find out
with the exclusive & Barron's recommended charts of Chart of the Day.


Popular Terms: in escrow, wholly-owned subsidiary, risk management, phantom income, class C shares, deferred tax, minority interest, 1031 exchange, command economy, stock market close, VIX, 144a, average price per share, cancelled check, deferred revenue, 401a, 1035 exchange, EBITDA, required rate of return, debt service coverage, option premium, current ratio, margin rate, open position, limit order, reverse mortgage, FICO score, Zero Cost Collar, covered put, ex-dividend, FTSE, real GDP, liquidity ratio, LIBOR, labor relations, balance sheet, implied volatility, Key Rate Duration, irrevocable trust, diluted share, quality assurance, retained earnings, stock split, inflation, APR, ex-dividend date, dividends payable, annual return, per diem


Accounting | Banking | Bonds | Brokers | Economy | Futures | Mutual Funds | Options | Real Estate | Retirement | Stocks | Taxes | Technical Analysis
Investor Glossary | Term of the Day | Suggest a Term | Chart of the Day | Dogs of the Dow
©2004-2016 Investor Glossary - All rights reserved - Terms of Use