IRS
Get the latest news and insights on the Internal Revenue Services' tax laws, enforcement actions and related activities.
IRS Delays Tax Payment Deadline for 90 Days
By Melanie WaddellIndividuals can defer up to $1 million in tax payments; the administration is also considering direct payments.
February 26, 2020
Investors Need More Info From IRS on 'Unconventional' IRA Investments: GAOAssets like real estate and digital currency in IRAs can be subject to complex rules, GAO says.
February 26, 2020
IRS Extends 'Popular' Tax ProvisionsAbove-the-line qualified tuition and related expenses and mortgage insurance premiums are among the provisions.
February 24, 2020
IRS Floats Updated Regs on Business Meals, EntertainmentTax lawyer Andrew Friedman tells ThinkAdvisor what advisors should know about the proposed rules.
February 24, 2020
IRS Readies for Tax TimeGuidance on the Secure Act and new identity theft protection measures unveiled as tax filing season gets underway.
February 19, 2020
High-Income Tax Evaders Can Expect IRS Home VisitIRS to boost face-to-face visits with taxpayers earning $100,000 or more that did not file a tax return.
February 12, 2020
IRS Needs to Clarify Virtual Currency Rules: GAOIRS and Treasury's FinCEN also need to explain how foreign asset reporting laws apply to virtual currency, GAO said.
February 12, 2020
IRS Shows How the TCJA Life Policy Sale Tax Rules Might Really WorkOne sample shows a consumer's taxable income from a policy sale going to zero, from $19,750.