IRS
Get the latest news and insights on the Internal Revenue Services' tax laws, enforcement actions and related activities.
IRS Guidance on Stimulus Payments Contradicts CARES Act, Senators Warn
By Melanie WaddellThey urged the IRS to correct the guidance, which states that Social Security recipients can't get a check without filing a tax return.
March 18, 2020
CPA Group Calls on Treasury, IRS to Extend Tax Filing Deadline"It is impossible for every taxpayer and their tax adviser to prepare returns in this environment," said AICPA's president.
March 17, 2020
IRS Delays Tax Payment Deadline for 90 DaysIndividuals can defer up to $1 million in tax payments; the administration is also considering direct payments.
March 11, 2020
HSA-Compatible Plans Can Offer No-Deductible Covid-19 Care: IRSThe IRS has provided relief from the usual deductible requirements in Notice 2020-15.
March 02, 2020
Digging Into IRS' Secure Act RMD GuidanceWhile much of the new guidance is technical in nature, understanding what we don't yet know can be important to advising clients on important questions.
February 26, 2020
Investors Need More Info From IRS on 'Unconventional' IRA Investments: GAOAssets like real estate and digital currency in IRAs can be subject to complex rules, GAO says.
February 26, 2020
IRS Extends 'Popular' Tax ProvisionsAbove-the-line qualified tuition and related expenses and mortgage insurance premiums are among the provisions.
February 24, 2020
IRS Floats Updated Regs on Business Meals, EntertainmentTax lawyer Andrew Friedman tells ThinkAdvisor what advisors should know about the proposed rules.