IRS Updates
Stay on top of the most recent information from the IRS that can impact your clients.
Ed Slott: Final RMD Regs Create an 'Unnecessary Complication'
By Melanie Waddell"It's messy for beneficiaries and advisors to try and figure this out," Slott tells ThinkAdvisor.
July 01, 2024
New IRS Rules Require BDs to Report Sales, Exchanges of Digital Assets"Great news all around!" Ric Edelman says of the new requirements.
June 20, 2024
IRS Targets 3 Types of Partnership TransactionsRegulations would address taxpayers shifting the basis of assets between partners or entities to lessen capital gains.
June 18, 2024
IRS to Crack Down on Tax-Dodging Asset ShiftsThe agency will issue regs on a technique allowing wealthy individuals and partnerships to move assets to avoid taxes.
May 23, 2024
How to Calculate RMDs for Inherited IRAsThe penalty waivers the IRS has offered each year since 2020 for missed RMDs have created some confusion.
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.