IRS
Get the latest news and insights on the Internal Revenue Services' tax laws, enforcement actions and related activities.
How Taxation of Life Settlement Proceeds Works Now
By Wm. Scott PageThe size of the tax bill depends partly on the health status of the client.
February 07, 2023
Biden Will Call for Billionaire Tax, Bigger Levy on Stock BuybacksThese proposals will be highlighted by the president tonight in his State of the Union address.
February 06, 2023
Secure 2.0 Can Make Clients' Retirement Plans StrongerExplaining change can create sales opportunities.
February 02, 2023
How Early 401(k) Withdrawal Penalties Punish the Most VulnerableStiff penalties for early retirement account withdrawals often drive people towards alternatives such as high-interest credit card debt.
February 02, 2023
Why Wealth Taxes Have Always Been a Terrible IdeaA 1% or 2% wealth tax may sound small, but it's actually very large compared with current tax rates.
January 24, 2023
Secure 2.0 Drafting Error Threatens Catch-Up ContributionsExperts like Ed Slott say a technical correction is likely.
January 24, 2023
IRS Sets Out New Digital Asset Filing Guidelines"All taxpayers must answer the question" on digital assets on their tax forms, the IRS states.
January 19, 2023
Are 529 Plan Rollovers the New Backdoor Roth?This Secure 2.0 provision intrigues advisors, but there's some fine print, warns Ian Berger of Ed Slott and Co.