IRS
Get the latest news and insights on the Internal Revenue Services' tax laws, enforcement actions and related activities.
Senate Democrats Fight IRS Ban on SALT Deduction Cap Workarounds
By Melanie WaddellSenate Democrats are attempting to overturn a recently finalized rule through the Congressional Review Act.
July 17, 2019
HSA Plans Can Offer No-Deductible Blood Pressure Monitors: IRSThe IRS will also let HDHPs put other chronic care products and services in the preventive care package.
July 08, 2019
Trump Signs IRS Redesign Bill Into LawThe law requires the IRS to submit to Congress in 2020 a plan to redesign the agency.
June 14, 2019
IRS Redesign Bill Poised to Arrive on Trump's DeskThe newly passed version of the Taxpayer First Act dropped a provision barring the IRS from creating free tax-prep software.
June 12, 2019
IRS Kills State Workarounds for SALT Deduction LimitThe regulation limits the deductibility of contributions to charitable funds designed to get around the $10,000 limit.
May 24, 2019
IRS to Taxpayers: Check Your Tax WithholdingIt's recommending a withholding "checkup" especially for two-income families, workers with multiple jobs and taxpayers who adjusted withholding in 2018.
May 20, 2019
IRS Audits on Wealthiest Americans PlummetAudit rates plunged 54% for those with AGIs of $10 million or more and 46% for those earning between $5 million and just under $10 million.
May 17, 2019
Retirees Beware: IRS Pension Buyout Stance Shifts (Again)The recent IRS change of course on this issue may add complications into the mix for retired clients who are already in pay status.