IRS Updates
Stay on top of the most recent information from the IRS that can impact your clients.
Ed Slott: IRS Secure Act Regs Are 'Final Nail in the Coffin' for IRAs in Estate Plans
By Melanie Waddell"RIP IRAs as a long-term planning vehicle," Slott tells ThinkAdvisor.
April 18, 2022
Taxpayers Get Crypto Jolt in Otherwise Shockingly Normal SeasonThere are now reporting requirements for purchases and sales of digital currencies and non-fungible tokens on individual returns.
April 15, 2022
IRS Provides Last-Minute Tax Filing TipsThe filing deadline, April 18, is also the deadline for Roth and traditional IRA contributions.
April 15, 2022
Debate: Are the New RMD Regs for Successor Beneficiaries Too Complex?Two professors discuss the challenge and practicality of proposed rules on when these beneficiaries must empty IRAs.
April 13, 2022
7 Tax Refund Myths, Busted: IRSDon't let your clients fall for these myths that may be circulating on social media.
April 12, 2022
IRS Warns on Opportunity Zone Fund FilingsTaxpayers who may need to take additional actions should begin receiving letters in the mail this month.
April 07, 2022
New IRS RMD Regs Bring a New Twist for Successor BeneficiariesThese beneficiaries may be required to take annual RMDs over the 10-year payout period — but it gets tricky.
April 04, 2022
Ed Slott: IRS' Secure Act RMD Regs Are Effective Now; Here's How to ProceedClients with inherited IRAs should wait for more clarity before acting on the IRS' guidance, the CPA says.