IRS
Get the latest news and insights on the Internal Revenue Services' tax laws, enforcement actions and related activities.
IRS Posts Annuity Advisory Fee Letter Rulings With a Twist
By Allison BellThe IRS showed a 1.5% annual fee cap in the old letter rulings. Officials have left the annual cap out of the new rulings.
May 27, 2020
IRS Floats Plan to Update Withholding Rules for Annuity PaymentsThe 2020 default rate of withholding on periodic payments will continue to be based on treating the taxpayer as a married individual.
May 22, 2020
IRS Adds a Little Give to HSA LimitsMinimum individual and family deductibles are staying the same.
May 12, 2020
IRS: 6 Reasons a Stimulus Check Could Be Less Than ExpectedIf your clients are disappointed with their Economic Impact Payment, they may fall into one of these categories.
May 07, 2020
Treasury, IRS Extend PPP Loan Grace PeriodThe safe harbor repayment date with respect to earlier "economic certifications" made by borrowers has been extended by a week.
May 07, 2020
IRS Reminds Employers of 3 COVID-19 Tax CreditsIRS details which employers are entitled to credits for employee retention as well as paid sick and family leave.
May 04, 2020
IRS Blesses COLI Reinsurance Deal in a New RulingThe transaction involved private placement variable life contracts.
May 01, 2020
IRS Says No Double Tax Benefits From PPP LoansNew guidance from the IRS explains tax consequences of PPP loans that are forgiven.