IRS
Get the latest news and insights on the Internal Revenue Services' tax laws, enforcement actions and related activities.
IRS Clears Up a Confusing Business Tax Reporting Question
By John ManganaroA tax form used to disclose pass-through entity profits does not allow negative amounts.
August 16, 2023
IRS Cuts Wait Times, Makes New HiresThe IRS says it has reached several milestones with funds from the year-old Inflation Reduction Act.
August 15, 2023
Tax Watchdog Says IRS Botched Oversight of Taxpayer RecordsA new report suggests the IRS has mishandled and misplaced key tax records and sensitive information for individuals and businesses.
August 09, 2023
IRS Warns of Schemes Tied to Employee Stock Ownership PlansIn addition, the IRS said that it has seen promoted arrangements using ESOPs that are "potentially abusive."
August 08, 2023
New IRS Crypto Ruling Can Save Your Clients MoneySome clients with income from crypto staking may have paid taxes prematurely.
August 03, 2023
2023 RMD Rule Changes: 3 Common Client QuestionsChanges due to the Secure acts can result in confusion. Here's what advisors and clients should know.
August 02, 2023
IRS to Digitally Process All Tax Returns by 2025By the 2024 filing season, taxpayers will be able to go paperless if they choose to.
July 28, 2023
Considering NFTs? Think Twice Before Using IRA DollarsThe IRS may tax NFTs as collectibles, which could have serious consequences for investors holding them in IRAs.