IRS Updates
Stay on top of the most recent information from the IRS that can impact your clients.
5 Ways the IRS Irks Taxpayers
By Michael S. FischerThe pandemic has compounded the agency's customer service woes, it says in a report.
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.
April 26, 2021
IRS to Fix Inherited IRA Guidance That Confused AdvisorsThose who inherited an IRA in 2020 should wait for more guidance from the agency before taking a 2021 RMD, Ed Slott says.
April 13, 2021
U.S. Likely Failing to Collect $1 Trillion a Year in TaxesCryptocurrency and tax evasion by the wealthy contribute to the tax gap, IRS Commissioner Rettig says.
April 08, 2021
Ed Slott, American College Launch IRA Planning Course for AdvisorsThe CE-eligible, self-study program covers planning under the SECURE and CARES acts.
April 02, 2021
IRS to Refund Taxes Paid on 2020 Jobless BenefitsTaxpayers don't need to file an amended return unless the change qualifies them for additional tax benefits.
March 29, 2021
IRS Extends IRA Contribution DeadlineContributions to HSAs and Coverdell Education Savings Accounts also are extended to May 17.