IRS
Get the latest news and insights on the Internal Revenue Services' tax laws, enforcement actions and related activities.
Escape From the QLAC: IRS Clarifies Rules on Longevity Annuity Exchanges
By Allison BellWhat if a client buys one of the new-generation deferred income annuities and wants to replace it?
August 01, 2024
2 Big IRA Rollover Mistakes to Avoid: Ed SlottDirect transfers from account to account help clients skip mandatory withholding, the retirement expert says.
July 30, 2024
What the New Emergency Retirement-Distribution Draft Guidance Means for AnnuitiesThe latest IRS draft guidelines includes two new ways for clients to tap their nest eggs under the Secure 2.0 Act.
July 25, 2024
UBS Grilled Over $350M Tax Evasion CaseA senator is looking into accounts held by a former military contractor who sold $7 billion of jet fuel to the U.S.
July 24, 2024
New RMD Regs Back Annuity-Based Stretch IRAs, Advisor SaysThe tax code shows that SPIAs can offset the loss of the old school stretch IRA, Gary Mettler contends.
July 22, 2024
IRS Providing Tax Relief to Hurricane Beryl Victims in TexasTaxpayers in 67 counties now have until Feb. 3 to file various federal individual and business returns.
July 22, 2024
Ed Slott: Final RMD Regs Create an 'Unnecessary Complication'"It's messy for beneficiaries and advisors to try and figure this out," Slott tells ThinkAdvisor.
July 19, 2024
New Final IRS Regs Affect Where Annuities Fit in RMDsThe regulations also affect how the Secure 2.0 income annuity provisions work.