IRS
Get the latest news and insights on the Internal Revenue Services' tax laws, enforcement actions and related activities.
IRS Bumps Up 401(k) Contribution Limit for 2020
By Michael S. FischerThe tax authority has announced contribution limits and deduction phase-outs for retirement accounts next year.
October 14, 2019
New IRS Form 1040 to Ask Taxpayers About CryptocurrencyA draft version of the 2019 tax form begins with a question on virtual currencies.
October 09, 2019
IRS Issues FAQ on Virtual CurrencyNew guidance addresses issues around using virtual currency as payment and the tax implications of a "hard fork."
September 24, 2019
IRS Weighs In on RMDs, FeesTax experts discuss rulings on uncashed distribution checks, advisors' annuity fees.
September 18, 2019
IRS Issues Final Rules on 100% Business Depreciation DeductionThe rule is a "big deal," says former tax attorney Andy Friedman.
September 17, 2019
IRS Offers Relief for Micro-Captive Insurance TransactionsMicro-captive schemes have been consistently listed on the agency's "Dirty Dozen" list of tax scams.
September 16, 2019
IRS Offers Some Micro Captive Users 'Limited Settlement Offers'Taxpayers who have not received the letters 'are not eligible for this resolution,' officials say.
September 06, 2019
IRS Offers Relief to Ex-Citizens Who Owe TaxesThe relief is only extended to some expatriated individuals, not estates, trusts or corporations.