IRS Updates
Stay on top of the most recent information from the IRS that can impact your clients.
New Bill Cuts IRS Funding to Boost Social Security, Medicare
By Melanie WaddellSen. Rick Scott's Protect Our Seniors Act is drawing skepticism from Social Security advocates.
January 24, 2023
IRS Sets Out New Digital Asset Filing Guidelines"All taxpayers must answer the question" on digital assets on their tax forms, the IRS states.
January 17, 2023
How Secure 2.0 Expands Retirement Plan Hardship WithdrawalsThese new changes can offer an important source of liquidity for your clients in the face of unforeseen emergencies.
January 12, 2023
Tax Filing Season Starts Jan. 23: IRSApril 18 will be the filing deadline to submit 2022 tax returns for most taxpayers.
January 11, 2023
Taxpayer Service Expected to Improve in 2023, IRS SaysThe IRS faces "a difficult balancing act with its current resources," Taxpayer Advocate Erin Collins tells lawmakers.
December 29, 2022
Estate and Gift Tax Exclusions for 2023: How the Changes Affect Your ClientsThe IRS has adjusted these thresholds for inflation.
December 28, 2022
Venmo, PayPal and Taxes: What to Know About the Latest IRS Rule ChangeThe IRS has delayed until 2023 a major reporting change for income from payment apps.
December 12, 2022
IRS: Heed These RMD Deadlines or Face PenaltiesThe agency reminds people over 72 and inherited IRA beneficiaries of their obligations.