IRS
Get the latest news and insights on the Internal Revenue Services' tax laws, enforcement actions and related activities.
What the Latest IRS Ruling Means for Trusts
By John ManganaroTax experts say a new IRS Revenue Ruling could have a significant impact on wealthy clients using certain types of trusts.
March 21, 2023
Ed Slott: Secure 2.0 Left Lots of Unanswered QuestionsAdvisors "will need to exercise caution with any interpretations" until Congress or the IRS provides answers, Slott says.
March 20, 2023
Ed Slott: New IRS Guidance Clarifies 2023 RMDsWarn clients who turn 72 this year that they might get an incorrect RMD notice, Slott advises.
March 10, 2023
Jury Finds 'Self-Styled' Advisor Guilty of $20M ScamDavid Allen Harbour spent client money on a private jet and a private Eagles concert, according to prosecutors.
March 10, 2023
Biden Hopes to Tax 'Frozen Cash Value' Life ContractsThe proposal could have a retroactive effect on some wealthy estate planning clients.
March 09, 2023
IRS Reminds Taxpayers of April 1 RMD Deadline"Starting in 2023 retirees can wait until age 73 to begin receiving RMDs," the IRS said.
March 02, 2023
Debate: Should Multimillion-Dollar 401(k)s, IRAs Be Reported to the IRS?Our tax experts discuss whether a proposed requirement on the wealthiest would backfire on middle-income Americans.
March 01, 2023
New House Data Privacy Bill Could Limit State Insurance Regulators' AuthorityInsurance groups want changes. An electronic privacy group hates the reliance on disclosures.