IRS Updates
Stay on top of the most recent information from the IRS that can impact your clients.
How Advisors Can Keep Up With Tax Changes: Jeff Levine
By Jeff BermanThe CPA and planner is widely followed for his breakdowns of crucial tax and retirement legislation. He told us how he does it.
October 19, 2021
SEC Would Get $74M Funding Boost Under Senate BillUnder the financial services bill, the IRS would get a more than $1.6 billion boost to go after wealthy tax cheats.
October 05, 2021
New IRS Guidance Offers Tax Windfall to Employers With Part-Time WorkersThe employee retention tax credit can provide a powerful tax break for small-business clients that rely heavily on part-time workers.
September 03, 2021
Sen. Warren Pushes for IRS Funding Boost in Spending PlanIRS' 2021 budget, factoring in inflation and mandatory pay raises, "is really $2.7 billion less than in FY 2010," Commissioner Rettig told Warren.
August 30, 2021
How to Get Tax Breaks for Caring for an Aging Family MemberThose who care for a family member who qualifies as a dependent may be entitled to deduct medical expenses.
July 13, 2021
2021 Advance Child Tax Credit Payments: Should Your Client Opt Out?For many Americans, the payments will provide a valuable cash infusion. For others, they could create a tax headache later.
June 28, 2021
New Law to Boost Life Policy Savings Power: Carrier ExecutivesNAILBA meeting speakers said a tax code change enacted in January will help clients accumulate more cash value.
June 16, 2021
Senate Bill Strengthens IRS Whistleblower ProtectionsA bill introduced by Sens. Wyden and Grassley updates, clarifies and improves the IRS whistleblower award program.