IRS Updates
Stay on top of the most recent information from the IRS that can impact your clients.
IRS Targets 3 Types of Partnership Transactions
By Robert Bloink | William H. ByrnesRegulations would address taxpayers shifting the basis of assets between partners or entities to lessen capital gains.
May 09, 2024
IRS Releases 2025 Contribution Limits for HSAsThe agency has adjusted HSA and HRA limits for inflation.
April 17, 2024
U.S. Tax Refunds Decline 3.3% This Year in Run-Up to DeadlineWhile the number of refunds dropped, the average amount received ticked higher.
April 17, 2024
Supreme Court Case Could Upend a Key Succession StrategyThe case involves a life insurance strategy intended to keep remaining shareholders in control after a key shareholder's death.
April 17, 2024
IRS Waives 2024 RMDs for IRA Beneficiaries Under 10-Year Rule"Here we go again," Ed Slott tells ThinkAdvisor.
April 15, 2024
7 Last-Minute Reminders for Tax Day 2024The IRS and tax experts have released some important notes to keep in mind as returns are processed.
April 09, 2024
What's the Future of IRS Direct File? GAO Wants to Know.IRS officials have not decided on the future of the pilot beyond the 2024 tax filing season.
March 28, 2024
Debate: With Direct File, Is the IRS Inviting Conflict of Interest?The pilot program offers eligible taxpayers in 12 states a cost-free way to submit their federal returns.