IRS Updates
Stay on top of the most recent information from the IRS that can impact your clients.
Don't Forget These New Rules for RMDs
By Ginger SzalaThe Secure and Cares Acts brought several changes to retirement plan distributions that advisors should be aware of.
March 17, 2021
12 Tax Tips for Maximizing Stimulus Package BenefitsYour clients should time their 2020 income tax filings carefully, Buckingham's Jeffrey Levine tells advisors.
March 17, 2021
Millionaires Owe IRS More Than $2B in Unpaid Taxes"Taxpayers having an average AGI of over $1.5 million paid the IRS an average of 39% of what they owe," a Treasury watchdog report states.
March 08, 2021
Lawmakers Urge IRS to Extend Tax Filing Deadline"We demand that the IRS announce an extension as soon as possible," Reps. Neal and Pascrell said.
March 03, 2021
IRS Drafts Update of Pension and Annuity Income GuideSome major changes relate to COVID-19 distributions and disaster tax relief.
February 24, 2021
Will the 2021 Tax Filing Deadline Be Extended? CPA Group Asks IRS for ClarityReports indicate IRS may move the April 15 deadline if Congress approves another round of economic impact payments.
February 23, 2021
IRS Gives Tax Filing Relief to Texans Hit by Winter StormsAffected taxpayers also have until June 15 to make IRA contributions for 2020.
February 08, 2021
Economic Relief Bill to Include New, Larger Child Tax CreditAnother proposal gradually raises the minimum wage to $15 an hour.