IRS
Get the latest news and insights on the Internal Revenue Services' tax laws, enforcement actions and related activities.
IRS Floats Plan to Update Withholding Rules for Annuity Payments
By Melanie WaddellThe 2020 default rate of withholding on periodic payments will continue to be based on treating the taxpayer as a married individual.
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.
April 28, 2020
IRS Improves 'Get My Payment' ToolUsers can now enter direct deposit info; a Spanish version will follow in a few weeks.
April 27, 2020
IRS Provides Coronavirus Filing ReliefIndividuals and businesses, IRA rollovers get July 15 extension; new filing tools launched.
April 20, 2020
IRS Issues Warning to Non-Filers on Dependent Stimulus PaymentsIndividuals must act by Wednesday if they didn't file a 2018 or 2019 tax return, to get the $500 dependent stimulus payments.