IRS
Get the latest news and insights on the Internal Revenue Services' tax laws, enforcement actions and related activities.
GAO Recommends IRA Changes
By Staff WriterThe Internal Revenue Service and Congress should work together to make the individual retirement account program less confusing for taxpayers, a congressional watchdog agency says.Officials ...
September 04, 2008
IRS Expands Small Plan Funding ReliefThe Internal Revenue Service is trying to be more flexible about how it will apply new defined benefit plan rules.The IRS has described the changes ...
September 04, 2008
IRS Expands Small Plan Funding ReliefThe Internal Revenue Service is trying to be more flexible about how it will apply new defined benefit plan rules.The IRS has described the changes ...
September 01, 2008
Putting Required Minimum Distributions On The Advisor's ChecklistFinancial advisors say is extremely important to add the following item to their client checklists for the Fall season: "make sure that clients take their required minimum distributions from qualified retirement accounts and IRAs."
August 31, 2008
Putting Required Minimum Distributions On The Advisor's ChecklistFinancial advisors say is extremely important to add the following item to their client checklists for the Fall season: "make sure that clients take their required minimum distributions from qualified retirement accounts and IRAs."
August 19, 2008
IRS Collects Accounting Change RulesThe Internal Revenue Service has published a guide to getting automatic IRS consent for changes in accounting methods.The guide, given in IRS Revenue Procedure 2008-52, ...
August 18, 2008
Court Rules Against IRS's Tax Position on Insurance Company DemutualizationA recent federal court decision ruled against the IRS's stance that policyholders who receive stock in a mutual-to-stock conversion of an insurance company--known as a demutualization--must pay taxes on the proceeds when the stock is sold.
August 17, 2008
Court Backs Mutual Policyholders Who Get Stock In ConversionsThe Internal Revenue Service inappropriately requires policyholders who receive stock in a mutual-to-stock conversion to pay taxes on the proceeds when the stock is sold, ...