IRS
Get the latest news and insights on the Internal Revenue Services' tax laws, enforcement actions and related activities.
Ex-Advisor to Pay $314K for Preparing False Tax Returns
By Jeff BermanThe IRS filings included fake charitable contributions, unreimbursed business expenses and business losses, costing the government over $300,000 in tax revenues.
November 02, 2022
15 States Where The Most Estate Taxes Were Paid in 2021American taxpayers paid $18.4 billion in estate taxes after deductions in tax year 2021, says the IRS.
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.