IRS
Get the latest news and insights on the Internal Revenue Services' tax laws, enforcement actions and related activities.
Ed Slott: New IRS Secure Act Regs Are an RMD 'Nightmare'
By Melanie Waddell"I really don't know how advisors will be able to explain this all to clients," Slott told ThinkAdvisor.
March 04, 2022
Debate: Should Clients Use a Backdoor Roth IRA in 2022?Should high-income clients use this strategy while they can, or are they risking a tax headache in the future?
February 24, 2022
Identity Fraud and Theft Increased Ahead of Tax Season: ReportFraudulent creation of new credit and loan accounts rose 61% from 2020 to 2021, Allstate Identity Protection found.
February 23, 2022
IRS Releases Long-Awaited Secure Act RMD RegsThe Secure Act, enacted in 2019, left many open questions about RMDs, Ed Slott says.
February 17, 2022
IRS 'Buried' in Paper Tax Returns: Taxpayer AdvocateAs of early February, the IRS had about 17.6 million tax returns requiring manual processing, Taxpayer Advocate Erin Collins says.
February 16, 2022
Ed Slott: Hold Off on Backdoor Roths, and More Tips for Tax Season in 2022The IRA and tax whiz offers guidance for advisors dealing with legislative uncertainty, RMD changes and other challenges.
February 10, 2022
Does Your Client Need to Repay Advance Child Tax Credits for 2021?The IRS has been updating its FAQ on the tax credit frequently, and the details are important.
February 08, 2022
IRS Reminds Taxpayers of American Rescue Plan BenefitsThey include a new deduction for charitable gifts and the rebate for those who missed 2021's third stimulus payments.