IRS
Get the latest news and insights on the Internal Revenue Services' tax laws, enforcement actions and related activities.
House Democrats Float Bill to Close Carried Interest Tax Loophole
By Melanie WaddellThe carried interest loophole "has allowed private equity tycoons to pay lower tax rates than their secretaries," said Rep. Bill Pascrell, one of the bill's sponsors.
January 27, 2021
IRS Creates New Chief Taxpayer Experience Officer PostThe new position will work with business units and offices across the IRS to serve taxpayers.
January 20, 2021
IRS Issues Guidance on Social Security Taxes Deferred Under Trump OrderThe deferred taxes must be paid by the end of 2021.
January 15, 2021
Who Should Apply to IRS' Voluntary Disclosure Program?This latest program allows for voluntarily disclosing of tax violations beyond those relating to income tax.
January 08, 2021
TurboTax Starts Depositing Delayed Stimulus FundsH&R block also says delays in processing economic impact payments have been resolved.
January 08, 2021
IRS Reversal: Expenses Paid With PPP Loan Funds Are Now Tax-Deductible"The message is that's what Congress intended all along," Ed Slott told ThinkAdvisor.
January 05, 2021
H&R Block and TurboTax Clients Fume Over Delayed Stimulus Check DepositsCustomers of the tax-prep services took to Twitter to complain they had not gotten their second economic impact payments via direct deposit.
December 29, 2020
IRS Rules on Hybrid Annuity Advisory Fee ProposalsThe rulings could boost efforts to sell registered index-linked annuities to the clients of fee-based advisors.