IRS
Get the latest news and insights on the Internal Revenue Services' tax laws, enforcement actions and related activities.
10 New Tax Numbers to Know for 2022
By Melanie WaddellThe IRS just released inflation adjustments for more than 60 tax provisions, including estate and gift tax exemptions and standard deductions.
September 29, 2021
House Nears Vote on Halving Estate Tax Exemption in 2022The provision is now part of H.R. 5376, which could come to the House floor this week.
September 20, 2021
IRS Has a Tough Letter for Micro Captive OwnersOfficials say affected taxpayers are on the hook for withholding failures as well as bad deductions.
September 03, 2021
Biden's Tax Plan May Trigger Key-Person Life SettlementsThe rush could come as aging business owners hurry to sell their companies this year.
September 03, 2021
Sen. Warren Pushes for IRS Funding Boost in Spending PlanIRS' 2021 budget, factoring in inflation and mandatory pay raises, "is really $2.7 billion less than in FY 2010," Commissioner Rettig told Warren.
August 30, 2021
How to Get Tax Breaks for Caring for an Aging Family MemberThose who care for a family member who qualifies as a dependent may be entitled to deduct medical expenses.
August 26, 2021
Debate: Should Mega Roth IRA Balances Be Capped?Two professors debate whether the IRS should be able to tax any amount of tax-preferred IRAs exceeding an established limit.
August 18, 2021
U.S. Households Paying No Income Tax Hit 61% of Total Last YearThe number of households owing nothing came in at 106.8 million, up from 75.9 million in 2019, the Urban-Brookings Tax Policy Center found.