IRS Updates
Stay on top of the most recent information from the IRS that can impact your clients.
Taxpayers Get Crypto Jolt in Otherwise Shockingly Normal Season
By Laura DavisonThere are now reporting requirements for purchases and sales of digital currencies and non-fungible tokens on individual returns.
April 13, 2022
7 Tax Refund Myths, Busted: IRSDon't let your clients fall for these myths that may be circulating on social media.
April 12, 2022
IRS Warns on Opportunity Zone Fund FilingsTaxpayers who may need to take additional actions should begin receiving letters in the mail this month.
April 07, 2022
New IRS RMD Regs Bring a New Twist for Successor BeneficiariesThese beneficiaries may be required to take annual RMDs over the 10-year payout period — but it gets tricky.
April 04, 2022
Ed Slott: IRS' Secure Act RMD Regs Are Effective Now; Here's How to ProceedClients with inherited IRAs should wait for more clarity before acting on the IRS' guidance, the CPA says.
March 30, 2022
IRS Clarifies Secure Act's 'One Bad Apple' Workaround for MEPsEmployers that are interested in MEPs should take note of the new requirements that will likely apply.
March 28, 2022
IRS Reminds Retirees of April 1 RMD DeadlineThis is the last day to begin receiving requirement minimum distribution payments from IRAs, 401(k)s and similar retirement plans.
March 21, 2022
Money Received Via Crowdfunding May Be Taxable, IRS SaysMoney received by soliciting others to fund businesses or support charities could be taxable.