IRS Updates
Stay on top of the most recent information from the IRS that can impact your clients.
IRS Provides Tax Relief to Hurricane Debby Victims in 4 States
By John ManganaroThe relief order applies to all of South Carolina, most of Florida and North Carolina, and part of Georgia.
July 22, 2024
Ed Slott: Final RMD Regs Create an 'Unnecessary Complication'"It's messy for beneficiaries and advisors to try and figure this out," Slott tells ThinkAdvisor.
July 19, 2024
IRS Releases Final RMD Regs on 10-Year RuleThe final rules make "retirement accounts (even more) insanely complicated," said Ben Henry-Moreland of Kitces.com.
July 08, 2024
How to Talk With Retirement Clients About the Presidential ElectionAdvisors are often wary of talking politics, but that doesn't mean they can ignore legitimate client concerns.
July 01, 2024
New IRS Rules Require BDs to Report Sales, Exchanges of Digital Assets"Great news all around!" Ric Edelman says of the new requirements.
June 20, 2024
IRS Targets 3 Types of Partnership TransactionsRegulations would address taxpayers shifting the basis of assets between partners or entities to lessen capital gains.
June 18, 2024
IRS to Crack Down on Tax-Dodging Asset ShiftsThe agency will issue regs on a technique allowing wealthy individuals and partnerships to move assets to avoid taxes.
May 23, 2024
How to Calculate RMDs for Inherited IRAsThe penalty waivers the IRS has offered each year since 2020 for missed RMDs have created some confusion.