IRS
Get the latest news and insights on the Internal Revenue Services' tax laws, enforcement actions and related activities.
New GOP Bill Blocks IRS From Boosting Audits of 'Middle-Class' Taxpayers
By Melanie WaddellThe IRS would be barred from using its $80 billion budget boost to audit taxpayers earning less than $400,000.
October 04, 2022
What the Portability Tax Change Means for HNW ClientsIf used properly, the estate and gift tax exemption can provide flexibility and simplicity for both advisors and their wealthy clients.
October 03, 2022
Debate: Should New Parents Be Allowed to Tap Social Security?The plan would expand paid parental leave but could lead to a "retirement income crisis" down the road.
September 29, 2022
Irrevocable Life Insurance Trusts in Estate Planning: Common PitfallsAn ILIT wants to help you keep clients out of the traps.
September 28, 2022
IRS Warns of Rise in Text Scams Targeting Personal, Financial DataIRS has identified and reported thousands of fraudulent domains tied to texting scams, known as "smishing."
September 28, 2022
Lawmakers Press IRS to Extend Late Fee ReliefLawmakers are asking that taxpayer penalty relief be extended from Sept. 30 to mid- to late November.
September 27, 2022
The IRS Hates What Some Wealthy Clients Put in Their Life Policies: Larry RybkaThe Valmark CEO sees the private placement life fight turning into an investor control fight.
September 23, 2022
Managing Tax-Efficient Withdrawal Strategies for RetirementAdvisors must consider the interaction of their clients' retirement income sufficiency, income taxes and potential estate taxes.