IRS
Get the latest news and insights on the Internal Revenue Services' tax laws, enforcement actions and related activities.
IRS Boosts 2021 Income Limits for Deductible IRA Contributions
By Melanie WaddellThe tax authority also announced changes to estate and gift tax exemptions for 2021.
October 06, 2020
IRS Extends Deadline to Register for Stimulus PaymentThe IRS is providing more time for non-filers to register to get their $1,200 economic impact payment.
October 02, 2020
IRS Warns Micro Captive Users of Imminent Shock and AweThe agency says it may apply a strict liability penalty to some captives.
September 30, 2020
IRS Issues Final Regs on Annuity Payments, Business EntertainmentIRS also issued final regs on business expense deduction for meals and entertainment.
September 21, 2020
IRS Finalizes Last Set of 100% Bonus Depreciation RulesThe deduction applies to property acquired and placed in service after Sept. 27, 2017; IRS also issues regs on estates, non-grantor trusts
September 17, 2020
IRS Plugs a Hole Left by a Missing DeductionA new regulation addresses an unintended effect of the death of the personal exemption deduction.
September 09, 2020
IRS Reaches Out to Americans Who Didn't Get Stimulus PaymentsThe IRS is sending letters to about 9 million people who didn't file tax returns but may be eligible.
August 31, 2020
IRS Issues Payroll Tax Deferral Guidance Amid Widespread CriticismAccounting exec Daniel Morris recommends that employers "don't walk, but run, from this poorly designed program."