IRS Updates
Stay on top of the most recent information from the IRS that can impact your clients.
Tax Filing Season Starts Jan. 29
By Melanie WaddellThe IRS expects more than 128.7 million individual tax returns to be filed by the April 15 deadline.
December 20, 2023
RMDs: Everything Advisors Need to Tell Clients NowThe IRS explains who must take RMDs, distributions from inherited IRAs and other recent changes.
December 19, 2023
Ed Slott: 8 Top Retirement, Tax Priorities for Advisors in 2024The IRA expert highlights what to focus on when it comes to existing and looming retirement-related rules.
December 14, 2023
IRS Adjusts Standard Mileage Rates for 2024The figures are used to calculate deductible costs of driving for business, charitable, medical or moving purposes.
December 14, 2023
IRS Overhauls Leadership StructureThe moves set for early 2024 mark the agency's first such organizational change in more than two decades.
December 08, 2023
Open Enrollment Reminder: 2024 FSA Contribution Limit Set at $3,200That's a $150 increase from 2023.
December 06, 2023
IRS Expands Crackdown on Bogus Employee Retention Credit ClaimsThe agency is sending an initial round of more than 20,000 letters notifying taxpayers of disallowed ERC claims.
December 01, 2023
8 Things Advisors Should Know About 401(k) Tax CreditsTraditional barriers to entry in the employer-sponsored retirement plan market are no longer prohibitive.