IRS
Get the latest news and insights on the Internal Revenue Services' tax laws, enforcement actions and related activities.
IRS, Tax Court Rulings Applauded at LIMRA Forum
By Warren S. HerschRecent moves by the IRS and tax courts provide big wins for the industry.
July 19, 2012
IRS Guidance on $2,500 Health FSA Cap Update for 2013; IRS & Legislation May Change Use It Or Lose It RuleIRS Notice 2012-40 deals with the $2500 cap imposed by health care reform under 125(i) of the Internal Revenue Code on employee salary deferrals to a health FSA in 2013 and thereafter.
July 19, 2012
IRS Guidance on $2,500 Health FSA Cap Update for 2013; IRS & Legislation May Change Use It Or Lose It RuleIRS Notice 2012-40 deals with the $2500 cap imposed by health care reform under 125(i) of the Internal Revenue Code on employee salary deferrals to a health FSA in 2013 and thereafter.
July 07, 2012
IRS to Help Ex-Pats, Dual Citizens Catch Up on Tax FilingsNew procedures will cover missed tax returns and FBARs, based on taxpayers compliance risk profiles.
June 15, 2012
IRS Rules on Key Point on 401(k) VestingThe agency weighs in on how breaks in service affect a participants vesting in a 401(k) plan.
June 14, 2012
GAO: IRS Needs to Plan Better for PPACAThe agency should decide who's going to review risk mitigation options, officials say.
June 13, 2012
A More Compassionate IRS? Agency Offers Help for Struggling TaxpayersThe IRS offers more flexible terms in its OIC program, for starters, but also help in collections and lien relief for homeowners.
June 01, 2012
IRS: Why Keep the FSA Use-It-or-Lose-It Rule?The idea of making workers forfeit FSA balances at the end of the year may be obsolete, officials say.