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


Home | Term of the Day | Suggest a Term | Chart of the Day | Dogs of the Dow
Investor Glossary Index >>> # 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 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
Accounting | Banking | Bonds | Brokers | Economy | Futures | Mutual Funds | Options | Real Estate | Retirement | Stocks | Taxes | Technical Analysis
©2004-2014 Investor Glossary - All rights reserved - Terms of Use