IRS
Get the latest news and insights on the Internal Revenue Services' tax laws, enforcement actions and related activities.
IRS Reminder: IRA Contributions Made by July 15 Are Deductible in 2019
By Melanie WaddellTaxpayers can file their 2019 tax return now and claim the deduction before the contribution is actually made.
June 15, 2020
IRS Extends Key Opportunity Zone DeadlineCertain investors have until the end of the year to roll over capital gains into Opportunity Zone funds.
June 13, 2020
IRS Posts Annuity Advisory Fee Letter Rulings With a TwistThe IRS showed a 1.5% annual fee cap in the old letter rulings. Officials have left the annual cap out of the new rulings.
June 10, 2020
IRS Hopes to Create New Way to Pay for Routine CareWorkers could use cash from ordinary HRAs to pay for direct primary care memberships.
June 08, 2020
IRS Rules on Union Health Reimbursement Arrangement Hybrid ProgramThe participants could allocate employer contributions between the HRA and a defined contribution retirement plan.
May 27, 2020
IRS Floats Plan to Update Withholding Rules for Annuity PaymentsThe 2020 default rate of withholding on periodic payments will continue to be based on treating the taxpayer as a married individual.
May 22, 2020
IRS Adds a Little Give to HSA LimitsMinimum individual and family deductibles are staying the same.
May 12, 2020
IRS: 6 Reasons a Stimulus Check Could Be Less Than ExpectedIf your clients are disappointed with their Economic Impact Payment, they may fall into one of these categories.