IRS Updates
Stay on top of the most recent information from the IRS that can impact your clients.
Sen. Warren Pushes for IRS Funding Boost in Spending Plan
By Melanie WaddellIRS' 2021 budget, factoring in inflation and mandatory pay raises, "is really $2.7 billion less than in FY 2010," Commissioner Rettig told Warren.
June 28, 2021
New Law to Boost Life Policy Savings Power: Carrier ExecutivesNAILBA meeting speakers said a tax code change enacted in January will help clients accumulate more cash value.
June 16, 2021
Senate Bill Strengthens IRS Whistleblower ProtectionsA bill introduced by Sens. Wyden and Grassley updates, clarifies and improves the IRS whistleblower award program.
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.