IRS
Get the latest news and insights on the Internal Revenue Services' tax laws, enforcement actions and related activities.
13 New Tax Numbers to Know for 2023
By Melanie WaddellThe IRS' inflation adjustments affect tax brackets, estate and gift taxes, and health insurance-related deductions, among others.
October 11, 2022
10 Quick Facts About the New IRS Final Health Premium 'Family Glitch' RegsOfficials say workers will need advice about "split coverage" tradeoffs.
October 10, 2022
How the Inflation Reduction Act's Stock Buyback Tax Could Rattle PortfoliosSome critics worry that discouraging stock buybacks could exacerbate the pains many are feeling amid shaky markets.
October 08, 2022
IRS Issues Ruling on 10-Year RMD RuleThe move answers "the No. 1 question" advisors and others have been asking about Secure Act RMD regulations, says tax expert Ed Slott.
October 06, 2022
New GOP Bill Blocks IRS From Boosting Audits of 'Middle-Class' TaxpayersThe IRS would be barred from using its $80 billion budget boost to audit taxpayers earning less than $400,000.
October 05, 2022
IRS Extends Tax Deadlines for Hurricane Ian Victims in CarolinasSimilar relief was announced last week for Ian victims in Florida.
October 04, 2022
IRS Broadens 3-Year Extension on CARES, Disaster Tax Relief ActsIRS has extended the deadline for plan sponsors to make amendments related to certain coronavirus aid or disaster relief rules.
October 04, 2022
What the Portability Tax Change Means for HNW ClientsIf used properly, the estate and gift tax exemption can provide flexibility and simplicity for both advisors and their wealthy clients.