IRS
Get the latest news and insights on the Internal Revenue Services' tax laws, enforcement actions and related activities.
2 Ways the Inflation Reduction Act Hits the Wealthy
By Melanie WaddellTaxpayers earning over $400,000 will likely face more audits, according to Jeff Bush of The Washington Update.
July 13, 2022
Sen. Warren Floats Bill to 'Simplify' Tax FilingAmong other measures, the bill directs the IRS to develop a free, online tax preparation and filing service.
July 01, 2022
Ex-Broker Pleads Guilty to Bilking More Than 100 InvestorsRobert Louis Cirillo also admitted to filing tax returns that failed to report income from the scam, prosecutors said.
July 01, 2022
Why the Bipartisan Lankford-Bennet Bill Is Critical to Fixing America's Savings CrisisA Nationwide executive praises an addition to the EARN Act bill.
June 29, 2022
Democrats Weigh Paring Biden Tax Hike to Win Over ManchinThe changes could mean that wealthy households and U.S. corporations end up facing smaller tax hikes than first planned.
June 21, 2022
Senate Retirement Bill Could Include LTCI Premium ProvisionAn amendment could let taxpayers use tax-exempt retirement plan distributions to pay LTCI premiums.
June 21, 2022
Ed Slott: Secure Act 2.0 Must Fix the 10-Year RuleClarifying the RMD rules would "help more people than everything else combined" in the Secure 2.0 bills, he says.
June 10, 2022
The IRS' Dirty Dozen: 12 Tax Scams to Avoid in 2022In addition to pandemic-related scams, this year's list warns of spear phishing and bogus tax-avoidance strategies.