IRS
Get the latest news and insights on the Internal Revenue Services' tax laws, enforcement actions and related activities.
Debate: With Direct File, Is the IRS Inviting Conflict of Interest?
By William H. Byrnes | Robert BloinkThe pilot program offers eligible taxpayers in 12 states a cost-free way to submit their federal returns.
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 12, 2024
More IRA Mistakes Clients MakeSome missteps are relatively easy to correct; others are more serious.
March 11, 2024
9 Things to Know About IRA Beneficiaries Under the Secure ActWhen it comes to inherited IRAs, different types of beneficiaries are subject to different withdrawal rules.
March 10, 2024
How Your Clients Get Taxed on Sold Life InsuranceIf the seller gets a good price, some of the proceeds may be taxable.
March 07, 2024
Billionaire, Corporate Tax Hikes Will Be Focus of State of the UnionBiden also wants Congress to pass a law reducing tax deductions for any company that pays an employee more than $1 million.
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 06, 2024
Tax Court Rules on New Secure 2.0 Limits for IRA-Related PenaltiesNew time limits on penalties for excess IRA contributions and missed RMDs are not retroactive, the court ruled.