IRS
Get the latest news and insights on the Internal Revenue Services' tax laws, enforcement actions and related activities.
IRS to Fraternals: If You Want a Tax Break, Get Some Regalia
By Allison BellThe IRS also wants fraternals to have lodges, and rituals.
January 03, 2020
IRS Updates Guidance on Virtual Currency DonationsWhat charitable donors and recipients should know about the tax treatment of cryptocurrency contributions.
December 26, 2019
IRS Cuts ACA Individual Mandate Penalty Out of Tax FormsThe agency notes that, legally, the coverage requirements do still apply.
December 02, 2019
IRS Slashes Insurers' 2019 ACA Coverage Reporting BurdenEmployers may have to send out about as many 1095-C forms as they did for 2018.
November 22, 2019
IRS Issues Final Regs on Gift and Estate Tax ExclusionLarge gifts made between 2018 and 2025 will not lose the tax benefit of the higher exclusion level once it decreases after 2025.
November 17, 2019
IRS Micro Captive Net May Snare Some Life ArrangementsA tax lawyer says seeing two layers of tax benefits tends to make the IRS unhappy.
November 08, 2019
IRS Posts Annuity Fee Letter RulingsThe rulings will help fee-based advisors keep fee payments out of annuity-owning clients' taxable income.
November 07, 2019
IRS Seeks to Adjust RMDs for Longer LivesThe proposed regs "recompute required distributions from IRAs, 401(k)s, and similar plans," says former tax attorney Andy Friedman.