IRS Updates
Stay on top of the most recent information from the IRS that can impact your clients.
Ed Slott: New IRS Guidance Clarifies 2023 RMDs
By Melanie WaddellWarn clients who turn 72 this year that they might get an incorrect RMD notice, Slott advises.
February 22, 2023
New Bill Cuts IRS Funding to Boost Social Security, MedicareSen. Rick Scott's Protect Our Seniors Act is drawing skepticism from Social Security advocates.
February 13, 2023
IRS Announces Interest Rates for Q2Interest rates will remain the same, according to the IRS.
January 25, 2023
Get Ready to Resume RMDs From Inherited IRAs in 2023Advisors and clients should be prepared because the IRS is expected to act this year, income experts say.
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.