IRS Updates
Stay on top of the most recent information from the IRS that can impact your clients.
January 20, 2022
GOP Lawmakers to IRS: 16M Outstanding Tax Returns Is a 'Crisis'The agency can't blame a lack of funding for the backlog, the lawmakers wrote.
January 13, 2022
The 10 Worst IRS Problems Taxpayers FaceThe national taxpayer advocate sums up the biggest frustrations of 2021 and says she's "deeply concerned" about 2022.
January 13, 2022
New IRS Life Expectancy Tables Mean Lower RMDs in 2022"Some advisors may have forgotten that such a change was even possible," Natalie Choate writes at Morningstar.
January 11, 2022
IRS Warns of Bumpy Tax Filing Season AheadThe commissioner warned that "the pandemic continues to create challenges" for filing season, which starts Jan. 24.
January 07, 2022
IRS' Top 10 Criminal Cases of 2021"The investigative work of 2021 has all the makings of a made-for-TV movie," the agency's top cop says.
December 28, 2021
8 Bitcoin Tax Facts to KnowAre you advising your clients correctly when it comes to their investments in cryptocurrencies and the IRS?
December 23, 2021
3 Under-the-Radar Planning Tips for 2022 Tax ChangesThough Biden's spending plans are in limbo, advisors and clients shouldn't tune out when it comes to year-end planning for tax changes.
December 20, 2021
Wealthiest Americans Feel Relief as Tax Hikes Are Canceled for NowManchin's vote against Biden's economic plan means rich Americans escape tax hikes, saving hundreds of billions of dollars over the next decade.
December 17, 2021
Clients and the Build Back Better Tax Policy FogInformation may help, but your calming presence may help more.
December 17, 2021
Debate: Should Crypto Exchanges Be Required to Report on Customers to the IRS?Two professors discuss the increased reporting requirements on cryptocurrency "brokers" and recipients under the new infrastructure law.