IRS
Get the latest news and insights on the Internal Revenue Services' tax laws, enforcement actions and related activities.
Debate: Are the New RMD Regs for Successor Beneficiaries Too Complex?
By Robert Bloink | William H. ByrnesTwo professors discuss the challenge and practicality of proposed rules on when these beneficiaries must empty IRAs.
April 07, 2022
New IRS RMD Regs Bring a New Twist for Successor BeneficiariesThese beneficiaries may be required to take annual RMDs over the 10-year payout period — but it gets tricky.
April 04, 2022
Ed Slott: IRS' Secure Act RMD Regs Are Effective Now; Here's How to ProceedClients with inherited IRAs should wait for more clarity before acting on the IRS' guidance, the CPA says.
March 30, 2022
IRS Clarifies Secure Act's 'One Bad Apple' Workaround for MEPsEmployers that are interested in MEPs should take note of the new requirements that will likely apply.
March 30, 2022
New FATCA Reporting Rules May Hit Visitors' U.S. AnnuitiesThe budget proposal could also trip up visitors who want U.S. cash-value life insurance.
March 30, 2022
Biden Hopes to Tax Some Indemnity Health BenefitsGross income could include the gap between a medical expense and the benefit payment amount.
March 30, 2022
Bill That Could Boost Lifetime Annuity Use Sails Through HouseH.R. 2954 would also help life insurers put ETFs on variable annuity fund menus.
March 30, 2022
Generation-Skipping Transfer Exemption Could Lose SuperpowersThe Biden administration wants to limit how long it can shield assets from taxes.