IRS Updates
Stay on top of the most recent information from the IRS that can impact your clients.
7 Last-Minute Reminders for Tax Day 2024
By John ManganaroThe IRS and tax experts have released some important notes to keep in mind as returns are processed.
March 13, 2024
Vanilla Rolls Out Estate Plan VisualizerThe tool, Scenarios, enables advisors to visualize potential federal and state estate tax mitigation strategies in real time.
March 12, 2024
IRS Launches Direct FileThe Treasury Department estimates that one-third of federal tax returns could be prepared using the pilot program.
March 07, 2024
Debate: Should Partially Vested Workers Be Able to Take Matching Contributions as Roth?Thanks to Secure 2.0 changes, employers and employees have new options in adding to retirement savings plans.
March 06, 2024
Secure Act 2.0 Smooths Path for Small-Business Retirement Plan Do-OversThe law makes it easier to switch from SIMPLE IRAs to a safe harbor 401(k).
March 04, 2024
Watch Out for These Potential Tax Changes in 2024Changes could affect such areas as first-year depreciation and interest deductions, plus the child tax credit.
February 29, 2024
IRS Announces New Crackdown on High Earners Who Failed to File TaxesThe agency believes hundreds of millions of dollars of unpaid taxes are involved in these cases.
February 28, 2024
Two Execs Join IRS as Crypto AdvisorsThe private-sector experts will help the agency boost enforcement on cryptocurrency and other digital assets.