IRS Updates
Stay on top of the most recent information from the IRS that can impact your clients.
Debate: Should Crypto Exchanges Be Required to Report on Customers to the IRS?
By Robert Bloink | William H. ByrnesTwo professors discuss the increased reporting requirements on cryptocurrency "brokers" and recipients under the new infrastructure law.
November 19, 2021
How Advisors Can Keep Up With Tax Changes: Jeff LevineThe CPA and planner is widely followed for his breakdowns of crucial tax and retirement legislation. He told us how he does it.
November 10, 2021
10 New Tax Numbers to Know for 2022The IRS just released inflation adjustments for more than 60 tax provisions, including estate and gift tax exemptions and standard deductions.
November 04, 2021
IRS Posts 401(k), IRA Limits for 2022Next year, the tax authority will boost some contribution limits but not all of them.
October 19, 2021
SEC Would Get $74M Funding Boost Under Senate BillUnder the financial services bill, the IRS would get a more than $1.6 billion boost to go after wealthy tax cheats.
October 05, 2021
New IRS Guidance Offers Tax Windfall to Employers With Part-Time WorkersThe employee retention tax credit can provide a powerful tax break for small-business clients that rely heavily on part-time workers.
September 03, 2021
Sen. Warren Pushes for IRS Funding Boost in Spending PlanIRS' 2021 budget, factoring in inflation and mandatory pay raises, "is really $2.7 billion less than in FY 2010," Commissioner Rettig told Warren.
August 30, 2021
How to Get Tax Breaks for Caring for an Aging Family MemberThose who care for a family member who qualifies as a dependent may be entitled to deduct medical expenses.