IRS
Get the latest news and insights on the Internal Revenue Services' tax laws, enforcement actions and related activities.
In Giving Season, Reminders From IRS; Guidance From CFP Board
By Richard Niles, J.D.Timely reminders on smart client giving during the holiday season include IRS rules and suggestions from the CFP Board's Consumer Advocate Eleanor Blayney.
November 20, 2012
IRS Relaxes Withdrawal Rules for Sandy VictimsThe IRS announced on Nov. 16 that Americans affected by Hurricane Sandy would be able to take advantage of relaxed rules regarding loans and hardship withdrawals from 401(k) and employer-sponsored plans.
November 14, 2012
What’s Next for IRS and Tax Planning? Commissioner’s Remarks Offer Some HintsDouglas Shulmans farewell speech at AICPA conference suggests what advisors and clients may expect from the IRS in the near future.
November 08, 2012
IRS Speeds New Charity Exemptions for Hurricane ReliefThe Treasury Department and the IRS on Wednesday announced an expedited review and approval process for organizations requesting tax-exempt status in order to assist people affected by Hurricane Sandy.
November 07, 2012
Disability Insurance Observer: PresenceMaybe helping workers give away the cash value of their leave will become an industry.
October 19, 2012
IRS Raises 401(k) Contribution LimitsWhile an extra $500 a year might not sound like much, compounding interest over a 20- or 30- year period could result in a sizable sum.
October 15, 2012
How to Help Clients With Donation AppraisalsHere are four techniques that advisors can share with collectors seeking to donate collections and take a tax write-off.
October 10, 2012
IRS’ Top 10 Richest Nonprofit CharitiesMore than 315,000 nonprofit charities reported nearly $2.5 trillion in assets for tax year 2008, according to the IRS, with universities and large hospitals dominating the top 10.