IRS Updates
Stay on top of the most recent information from the IRS that can impact your clients.
Ed Slott: New IRS Secure Act Regs Are an RMD 'Nightmare'
By Melanie Waddell"I really don't know how advisors will be able to explain this all to clients," Slott told ThinkAdvisor.
March 01, 2022
Sen. Wyden Calls for 6 Economic Actions Against RussiaCongress must address key areas to punish Putin for invading Ukraine, the Senate Finance Committee chair said.
February 25, 2022
IRS Posts Health Insurance Premium Tax Credit GuidanceOne answer is about tax credit users who receive unemployment compensation.
February 23, 2022
IRS Releases Long-Awaited Secure Act RMD RegsThe Secure Act, enacted in 2019, left many open questions about RMDs, Ed Slott says.
February 18, 2022
Early IRA Distributions Without Penalty Just Got More AttractiveNew IRS guidance gives IRA holders using this emergency cash option a chance to receive larger payments.
February 17, 2022
IRS 'Buried' in Paper Tax Returns: Taxpayer AdvocateAs of early February, the IRS had about 17.6 million tax returns requiring manual processing, Taxpayer Advocate Erin Collins says.
February 16, 2022
Ed Slott: Hold Off on Backdoor Roths, and More Tips for Tax Season in 2022The IRA and tax whiz offers guidance for advisors dealing with legislative uncertainty, RMD changes and other challenges.
February 10, 2022
Does Your Client Need to Repay Advance Child Tax Credits for 2021?The IRS has been updating its FAQ on the tax credit frequently, and the details are important.