IRS Updates
Stay on top of the most recent information from the IRS that can impact your clients.
What Democrats, Republicans Think of 12 Parts of the Inflation Reduction Act
By Michael S. FischerPublic policy researchers found much common ground in the legislation among Americans across the political spectrum.
May 06, 2022
Debate: Did the IRS Get It Right on Secure Act RMD Rules?Two professors share their opinions on the IRS' surprising interpretation.
April 25, 2022
This Overlooked Strategy Helps Early Retirees Avoid IRA Withdrawal PenaltiesSEPPs can provide needed income before age 59 1/2, but advisors must consider the details carefully.
April 19, 2022
Ed Slott: IRS Secure Act Regs Are 'Final Nail in the Coffin' for IRAs in Estate Plans"RIP IRAs as a long-term planning vehicle," Slott tells ThinkAdvisor.
April 18, 2022
IRS: Here's Who Qualifies for a Tax ExtensionSome taxpayers automatically qualify, the IRS said Monday.
April 18, 2022
Treasury Blames Audit Imbalance on Underfunding of IRSA recent study found very low income households were nearly three times as likely to get audited in 2021 than wealthy households.
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.