IRS
Get the latest news and insights on the Internal Revenue Services' tax laws, enforcement actions and related activities.
IRS Posts W-2 Health Reporting Guidance
By Allison BellEmployers need not include voluntary, employee-paid hospital indemnity and critical illness premiums in the total.
December 27, 2011
Tax-Exempt Organizations Get Deadline ExtensionSome tax-exempt organizations got an extra present in their Christmas stockings, with the news from the IRS that they get extra time to file their annual returns in 2012.
December 20, 2011
5 Online Tools to Facilitate Charitable GivingMany donors, especially those who are planning large gifts, want to know how to make their gifts more effective or to fill gaps in funding. Several online providers can meet these needs.
December 20, 2011
IRS Greenlights ILIT Replacement PoliciesThe IRS has held that a grantors power to substitute a policy in an ILIT for another policy of equal value will not result in estate inclusion
December 19, 2011
Year-End Giving Tips, Compliments of the IRSAs individuals and businesses rush to make charitable contributions at this busy time of year, the IRS has issued several tips as reminders of tax law provisions that have taken effect in recent years.
October 26, 2011
Estate Tax Exclusion to Rise: IRS Inflation Adjustments for 2012Estate tax exclusion increases by $120,000 to $5.1 million in 2012; tax brackets to widen.
October 20, 2011
IRS Raises 401(k) Contribution Limits to $17,000 for 2012The Internal Revenue Service announced Thursday cost of living adjustments affecting contribution limitations for pension plans and other retirement-related items for fiscal year 2012.
October 17, 2011
On the Clock: Time Short for Tax Preparers to Meet e-File Registration DeadlineTime is short for any tax preparers who have yet to meet the January 2012 deadline to become Authorized IRS e-file Providers.