IRS
Get the latest news and insights on the Internal Revenue Services' tax laws, enforcement actions and related activities.
What’s Next for IRS and Tax Planning? Commissioner’s Remarks Offer Some Hints
By Richard Niles, J.D.Douglas Shulmans farewell speech at AICPA conference suggests what advisors and clients may expect from the IRS in the near future.
October 19, 2012
IRS Raises 401(k) Contribution LimitsWhile an extra $500 a year might not sound like much, compounding interest over a 20- or 30- year period could result in a sizable sum.
October 15, 2012
How to Help Clients With Donation AppraisalsHere are four techniques that advisors can share with collectors seeking to donate collections and take a tax write-off.
October 10, 2012
IRS’ Top 10 Richest Nonprofit CharitiesMore than 315,000 nonprofit charities reported nearly $2.5 trillion in assets for tax year 2008, according to the IRS, with universities and large hospitals dominating the top 10.
October 10, 2012
Oct. 15 Deadline Looms for 11 Million TaxpayersAutomatic extensions to file and in some instances pay income taxes expire Oct. 15, though some taxpayers will have more time.
October 09, 2012
IRS Deadline to Switch IRA Back From Roth LoomsThe deadline is set for Oct. 15, the same deadline for taxpayers who were granted an extension to file.
September 19, 2012
IRS Untangles One Transfer-for-Value Rule TrapPreferential tax treatment and the flexibility to restructure allocations in estate planning simply don't mix well when it comes to investing in life insurance. A recent IRS private letter ruling could help change that.
September 11, 2012
H&R Block: Give Us PPACA Regs by April 30, 2013A major tax preparer is pushing for the IRS and other agencies to issue compliance rules promptly.