IRS
Get the latest news and insights on the Internal Revenue Services' tax laws, enforcement actions and related activities.
IRS Expands 401(k) Tax-Favored Approval Process to 403(b)s
By Melanie WaddellCertain groups can soon use the same IRS process as qualified retirement plans when applying for tax-favored treatment.
October 31, 2022
Got Crushed in the Market? Harvest Losses to Lower TaxesIt's been a rocky year in the markets for investors, but smart moves now can make their taxes less painful in April.
October 28, 2022
New Tax Gap Projected to be $540B a Year: IRSThe increase in the tax gap estimates "reflects that the IRS needs to do more," said Commissioner Rettig.
October 28, 2022
Trump Tax Prosecutors Say Ex-CFO Has Stopped Meeting With ThemAllen Weisselberg, star witness in the criminal tax fraud case against the Trump Organization, is no longer meeting with prosecutors. P
October 26, 2022
IRS Faces 2023 Audit of Its Own IRA Enforcement EffortsThe audit could affect clients who take early IRA withdrawals, or who contribute too much.
October 24, 2022
6 New Retirement Numbers to Know for 2023The IRS has adjusted several thresholds related to 401(k)s, IRAs and tax credits.
October 21, 2022
IRS Announces 401(k) Contribution Limits for 2023It also increased phase-out ranges for Roth and deductible traditional IRA contributions.
October 19, 2022
13 New Tax Numbers to Know for 2023The IRS' inflation adjustments affect tax brackets, estate and gift taxes, and health insurance-related deductions, among others.