IRS
Get the latest news and insights on the Internal Revenue Services' tax laws, enforcement actions and related activities.
New Law to Boost Life Policy Savings Power: Carrier Executives
By Allison BellNAILBA meeting speakers said a tax code change enacted in January will help clients accumulate more cash value.
June 02, 2021
5 Ways the IRS Irks TaxpayersThe pandemic has compounded the agency's customer service woes, it says in a report.
May 28, 2021
IRS Audits Focus on Solo 401(k)sSolo 401(k) compliance requirements are so minimal that business owners often forget about them — until there's a problem.
May 24, 2021
Think Tank Warns Against Overstretching the IRSCongress should think carefully before giving the IRS additional duties because it's already overwhelmed, the American Council for Capital Formation says.
May 24, 2021
Sen. Warren Wants Mandatory Funding for the IRSThe bill would remove the agency from the appropriations process and protect it from budget cuts.
May 21, 2021
Treasury Calls for Crypto Transfers Over $10K to Be Reported to IRSBusinesses receiving Bitcoin and other crypto assets valued at over $10,000 would need to report these transactions, as they do now with cash, the department proposes.
May 18, 2021
Supreme Court Strips Lawsuit Protection From IRS Reporting RulesThe court ruled that taxpayers can sue over IRS reporting rules without violating the rules.
May 17, 2021
U.S. Tax Day Arrives Late With IRS Behind on Millions of ReturnsMonday brings a close to what CPAs and other financial professionals have dubbed the "never-ending tax season."