IRS
Get the latest news and insights on the Internal Revenue Services' tax laws, enforcement actions and related activities.
How Early 401(k) Withdrawal Penalties Punish the Most Vulnerable
By Alexis LeondisStiff penalties for early retirement account withdrawals often drive people towards alternatives such as high-interest credit card debt.
January 24, 2023
IRS Sets Out New Digital Asset Filing Guidelines"All taxpayers must answer the question" on digital assets on their tax forms, the IRS states.
January 19, 2023
Are 529 Plan Rollovers the New Backdoor Roth?This Secure 2.0 provision intrigues advisors, but there's some fine print, warns Ian Berger of Ed Slott and Co.
January 17, 2023
How Secure 2.0 Expands Retirement Plan Hardship WithdrawalsThese new changes can offer an important source of liquidity for your clients in the face of unforeseen emergencies.
January 13, 2023
Trump's $1.6M Tax-Fraud Hit Eclipsed by Impact of Felony ConvictionTwo Trump Organization business units were sentenced on Friday in New York after a felony conviction last month.
January 13, 2023
Secure 2.0 May Stabilize the Long-Term Care Toolbox: Howard SharfmanThe veteran wealth planner thinks Section 334 will give the insurers still in the LTCI market a reason to stay.
January 12, 2023
Tax Filing Season Starts Jan. 23: IRSApril 18 will be the filing deadline to submit 2022 tax returns for most taxpayers.
January 11, 2023
The IRS Needs Billions to Make TrillionsUnderfunding the Internal Revenue Service allows scofflaws to go unpunished and will increase the budget deficit.