IRS Updates
Stay on top of the most recent information from the IRS that can impact your clients.
Tax Revenue on Track to Fall $500B in 2025: Report
By John ManganaroAnonymous IRS officials told the Washington Post that they expect a 10% decline in tax receipts.
January 15, 2025
How Tax Rules for the New Annuity Spigots Might WorkLife insurers are trying to create a new class of income planning tools.
January 15, 2025
IRS Extends Tax Deadlines for California Wildfire VictimsAffected taxpayers have until Oct. 15 to file various federal individual and business tax returns and make payments.
January 14, 2025
Prudential Joins Effort to Sell New Way to Tap Retirement AssetsThe company is teaming up with FIDx and DFA to create an "insurance overlay" for the assets clients already have.
January 14, 2025
IRS Releases Roth Catch-Up GuidanceNewly proposed regulations answer some major questions created by Secure 2.0.
December 23, 2024
The Most Confusing Inherited IRA Questions, AnsweredThe RMD rules vary depending on who inherits the account — and some beneficiaries have more options than others.
December 03, 2024
A Tax Facts Debate: Pros and Cons of Trump’s 2025 Tax PlansDon’t miss the opportunity to hear from two leading tax experts and prepare for what’s ahead in 2025.
November 19, 2024
IRS to Drop Interest Rates in JanuaryFor individuals, the rate for overpayments and underpayments will be 7% per year, compounded daily.