IRS
Get the latest news and insights on the Internal Revenue Services' tax laws, enforcement actions and related activities.
IRS Posts Annuity Fee Letter Rulings
By Allison BellThe rulings will help fee-based advisors keep fee payments out of annuity-owning clients' taxable income.
October 28, 2019
IRS Prepares to Publish TCJA Life Settlement Transaction Reporting RegsThe final rule is set to appear in the Federal Register on Halloween.
October 18, 2019
ACA Employer Coverage Reporting SurvivesThe IRS still has the authority to impose fines on nonfilers.
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.