IRS Updates
Stay on top of the most recent information from the IRS that can impact your clients.
Does Your Client's Estate Plan Need Tax Insurance?
By Gary Blitz and Jessica HargerWhile tax insurance is widely used in M&A transactions, it can play a similar role when estate plans veer off track.
May 20, 2021
New Bill Could Help Schools Use Multiple Employer Retirement PlansThe Grassley-Lankford bill, which has a Democratic cosponsor, would open MEPs up to 403(b) plans.
May 20, 2021
How Biden Plans to Crack Down on Wealthy Tax CheatsTreasury says $7 trillion in taxes will go uncollected in a decade if nothing is done.
May 17, 2021
Expanded Child Tax Credit Monthly Payments to Start July 15Payments will be automatic for those who filed their 2020 tax returns by May 17, this year's tax deadline.
May 11, 2021
IRS Updates HSA Contribution Limits for 2022Contribution limits and out-of-pocket maximums will increase; excepted benefit HRA employer contribution limits will hold steady.
April 26, 2021
IRS to Fix Inherited IRA Guidance That Confused AdvisorsThose who inherited an IRA in 2020 should wait for more guidance from the agency before taking a 2021 RMD, Ed Slott says.
April 13, 2021
U.S. Likely Failing to Collect $1 Trillion a Year in TaxesCryptocurrency and tax evasion by the wealthy contribute to the tax gap, IRS Commissioner Rettig says.
April 08, 2021
Ed Slott, American College Launch IRA Planning Course for AdvisorsThe CE-eligible, self-study program covers planning under the SECURE and CARES acts.