IRS Updates
Stay on top of the most recent information from the IRS that can impact your clients.
IRS Drafts Update of Pension and Annuity Income Guide
By Allison BellSome major changes relate to COVID-19 distributions and disaster tax relief.
February 08, 2021
Economic Relief Bill to Include New, Larger Child Tax CreditAnother proposal gradually raises the minimum wage to $15 an hour.
February 05, 2021
IRS Office Tasked With Transforming the Agency Names New ChiefHeather Maloy will lead the Taxpayer First Act office, which is carrying out that law's mandate to revamp the IRS.
January 20, 2021
IRS Issues Guidance on Social Security Taxes Deferred Under Trump OrderThe deferred taxes must be paid by the end of 2021.
December 28, 2020
10 Tax Changes in New COVID Relief PackageMost of your clients will qualify for at least one tax benefit under the law Trump just signed, CPA Jeffrey Levine says.
August 27, 2019
IRS Updates Views on Some Annuity FeesAccording to IRA expert Ed Slott, the ruling is good "for both advisors and consumers," though he adds that "no two annuities are exactly alike."
January 15, 2015
IRS updates short-term disability tax filing proceduresEmployers will have to use IRS Form 8922 to report total payments, rather than W-2 or W-3 forms.
January 15, 2015
IRS updates short-term disability tax filing proceduresEmployers will have to use IRS Form 8922 to report total payments, rather than W-2 or W-3 forms.