IRS
Get the latest news and insights on the Internal Revenue Services' tax laws, enforcement actions and related activities.
Estate Tax Exclusion to Rise: IRS Inflation Adjustments for 2012
By Michael S. FischerEstate tax exclusion increases by $120,000 to $5.1 million in 2012; tax brackets to widen.
October 07, 2011
IRS Offers Amnesty for Registered Reps ClassificationIf your firm has misclassified employees as independent contractors, the IRS is giving you a chance to come clean. But states may hit you up for back taxes and penalties.
October 05, 2011
IRS Clarifies Life Settlement RulesA recent ruling by the IRS confirms its official position on certain key tax issues regarding life settlements, as per a request from officials in Luxembourg
September 30, 2011
IRS Posts Estate Tax Portability GuidanceYou wanted portability; for now, you've got it.
September 22, 2011
IRS Establishes Church Plan ProceduresChurch plans will have to notify plan participants before asking the Internal Revenue Service to provide private letter rulings confirming the plans' status.
September 19, 2011
Tax Amnesty: IRS Collects Billions From Hidden Offshore AssetsGetting straight with the IRS is gaining momentum among Americans who have previously evaded taxes by not disclosing offshore assets and income.
September 15, 2011
IRS Offers Large 2010 Estates Filing, Penalty ReliefLarge estates of people who died last yearthose valued at more than $5 millionwill have until early next year to file required returns and pay any estate taxes due, the IRS announced.
September 14, 2011
PPACA: IRS Gets Real About Group Health AffordabilityThe Internal Revenue Service is trying to free employers from a Patient Protection and Affordable Care Act provision that otherwise could force them to track group health plan participants' household income.