IRS
Get the latest news and insights on the Internal Revenue Services' tax laws, enforcement actions and related activities.
U.S. Households Paying No Income Tax Hit 61% of Total Last Year
By Laura DavisonThe 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.
July 01, 2021
2021 Tax Filing Season Plagued With Unanswered Calls, Delayed RefundsThe Taxpayer Advocate Service outlines the problems the IRS faced because of the pandemic and the added responsibility of making stimulus payments.
June 28, 2021
How Secure Act's 10-Year Rule Creates Tax Headaches for IRA HeirsPlanning for inherited IRAs and 401(k)s has become more complex than ever under the Secure Act.
June 28, 2021
New Law to Boost Life Policy Savings Power: Carrier ExecutivesNAILBA meeting speakers said a tax code change enacted in January will help clients accumulate more cash value.
June 25, 2021
Peter Thiel's $5 Billion Roth IRA: Tax Pro Jeffrey Levine Weighs InLevine discusses ProPublica's recent reveal: Did the billionaire break any rules? What if your clients want to copy him?
June 16, 2021
Senate Bill Strengthens IRS Whistleblower ProtectionsA bill introduced by Sens. Wyden and Grassley updates, clarifies and improves the IRS whistleblower award program.
June 02, 2021
5 Ways the IRS Irks TaxpayersThe pandemic has compounded the agency's customer service woes, it says in a report.
May 28, 2021
IRS Audits Focus on Solo 401(k)sSolo 401(k) compliance requirements are so minimal that business owners often forget about them — until there's a problem.