IRS
Get the latest news and insights on the Internal Revenue Services' tax laws, enforcement actions and related activities.
ACA Premium Tax Credit Problem Reports Drop: IRS Advocate
By Allison BellThe federal Taxpayer Advocate Service helped fewer people with Affordable Care Act premium tax credit problems in federal fiscal year 2019 than in…
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.
November 06, 2019
IRS Bumps Up 401(k) Contribution Limit for 2020The tax authority has announced contribution limits and deduction phase-outs for retirement accounts next year.