IRS
Get the latest news and insights on the Internal Revenue Services' tax laws, enforcement actions and related activities.
Trump's Longtime CFO Pleads Guilty to Tax Fraud
By Patricia Hurtado and Caleb MelbyThe Trump Organization is facing the same charges as Allen Weisselberg; both pleaded not guilty last year to the tax scheme, of which the CFO was the biggest beneficiary.
August 15, 2022
Senate Finance Chair Asks Blackstone Unit for Private Placement Life DetailsSen. Ron Wyden says wealthy families might be using PPLI to cut taxes, without a genuine insurance purpose.
August 15, 2022
IRS to Hike Interest Rates for Q4A 6% overpayment and underpayment rate will apply to most taxpayers starting Oct. 1.
August 12, 2022
The Inflation Reduction Act's Impact on Your Client's Bottom LineThe act, being voted on Friday, would raise taxes on some corporations, reduce drug costs and tackle climate change.
August 12, 2022
What Democrats, Republicans Think of 12 Parts of the Inflation Reduction ActPublic policy researchers found much common ground in the legislation among Americans across the political spectrum.
August 10, 2022
IRS Posts 2023 Employer Coverage Affordability LimitsRevenue Procedure 2022-34 will affect whether clients get ACA health premium subsidies.
August 09, 2022
IRS Gives 3-Year Extension on Secure, CARES Act AmendmentsIt's giving "retirement plan sponsors and IRA custodians more time to amend their documents," Ed Slott says.
August 08, 2022
2 Ways the Inflation Reduction Act Hits the WealthyTaxpayers earning over $400,000 will likely face more audits, according to Jeff Bush of The Washington Update.