IRS Updates
Stay on top of the most recent information from the IRS that can impact your clients.
IRS Halts Most Unannounced Home Visits
By John ManganaroThe change is a response to safety concerns for both agents and taxpayers, the IRS says.
July 19, 2023
IRS Collection Notices Send Taxpayers in Disaster Areas ScramblingThe IRS buried a disclaimer on page 4 of its notice that it didn't apply to those in disaster areas.
July 17, 2023
IRS Issues New 2023 RMD Relief for IRA BeneficiariesNew guidance also gives 72-year-olds who mistakenly started RMDs early extra time to return the money.
July 14, 2023
IRS Cracks Down on 175 Millionaire Tax CheatsThe agency is touting its crackdown efforts after receiving an $80 billion 10-year funding boost.
July 10, 2023
IRS Issues New Guidance on Stock Buyback TaxCorporations do not yet have to pay the tax but should keep records, the IRS confirmed.
June 27, 2023
IRS to Pilot Free Tax Filing Tool in 2024Sen. Warren and other Democrats are applauding the IRS announcing it is "taking steps to begin a pilot project for the 2024 filing season."
June 26, 2023
IRS to Phase Out Pandemic-Period HSA RulesNo-deductible coverage for COVID-19 tests and treatments must end by Dec. 31, 2024.
May 28, 2023
Biden, McCarthy Forge Debt Deal in Bid to Avert DefaultThe deal would clawback funding for IRS agents and speed up some energy project environmental reviews, according to a GOP summary.