IRS Updates
Stay on top of the most recent information from the IRS that can impact your clients.
2021 Advance Child Tax Credit Payments: Should Your Client Opt Out?
By Robert Bloink | William H. ByrnesFor many Americans, the payments will provide a valuable cash infusion. For others, they could create a tax headache later.
June 08, 2021
Does Your Client's Estate Plan Need Tax Insurance?While tax insurance is widely used in M&A transactions, it can play a similar role when estate plans veer off track.
June 08, 2021
IRS Says It Needs Budget Boost to Crack Down on Wealthy Tax CheatsThe IRS' budget request provides for increased resources to hire specialized agents, Commissioner Rettig says.
June 02, 2021
5 Ways the IRS Irks TaxpayersThe pandemic has compounded the agency's customer service woes, it says in a report.
May 20, 2021
New Bill Could Help Schools Use Multiple Employer Retirement PlansThe Grassley-Lankford bill, which has a Democratic cosponsor, would open MEPs up to 403(b) plans.
May 20, 2021
How Biden Plans to Crack Down on Wealthy Tax CheatsTreasury says $7 trillion in taxes will go uncollected in a decade if nothing is done.
May 17, 2021
Expanded Child Tax Credit Monthly Payments to Start July 15Payments will be automatic for those who filed their 2020 tax returns by May 17, this year's tax deadline.
May 11, 2021
IRS Updates HSA Contribution Limits for 2022Contribution limits and out-of-pocket maximums will increase; excepted benefit HRA employer contribution limits will hold steady.