IRS Updates
Stay on top of the most recent information from the IRS that can impact your clients.
IRS Clarifies Secure 2.0 Rules
By Robert Bloink | William H. ByrnesThe Q&A guidance addresses Roth contributions, auto-enrollment and terminal illness distributions.
December 14, 2023
IRS Adjusts Standard Mileage Rates for 2024The figures are used to calculate deductible costs of driving for business, charitable, medical or moving purposes.
December 14, 2023
IRS Overhauls Leadership StructureThe moves set for early 2024 mark the agency's first such organizational change in more than two decades.
December 08, 2023
Open Enrollment Reminder: 2024 FSA Contribution Limit Set at $3,200That's a $150 increase from 2023.
December 06, 2023
IRS Expands Crackdown on Bogus Employee Retention Credit ClaimsThe agency is sending an initial round of more than 20,000 letters notifying taxpayers of disallowed ERC claims.
December 01, 2023
The IRS Delayed Its Payment Reporting Rule Change Again. Is That Good for Taxpayers?The rule for payments via Venmo and other apps won't take full effect till 2025 at the earliest.
December 01, 2023
8 Things Advisors Should Know About 401(k) Tax CreditsTraditional barriers to entry in the employer-sponsored retirement plan market are no longer prohibitive.
November 28, 2023
Government Shutdown Would Cause Tax Filing Nightmare, CPAs Warn IRSThe continuing resolution that's currently funding the IRS expires less than two weeks after tax season starts.