IRS
Get the latest news and insights on the Internal Revenue Services' tax laws, enforcement actions and related activities.
September 05, 2024
Trump Vows 15% Corporate Tax, Taps Musk for Federal AuditBoth Trump and Harris are ramping up their economic messaging to court swing-state voters as well as business executives.
September 04, 2024
Trump Tax Cuts Would Cost More Than Almost All Federal Agencies"Congress is not going to pass a $10 trillion deficit-financed tax cut," said a senior fellow with the American Enterprise Institute.
August 29, 2024
Ed Slott: IRS' Cure for Conflicts Could 'Wipe Out' IRAsThe enforcement mechanism against prohibited transactions is excise taxes, which can hurt clients, Slott says.
August 28, 2024
Conflicted IRA Advice Widespread as Fiduciaries Lack Oversight, Watchdog FindsThe IRS, tasked with enforcing prohibited transaction rules through excise taxes, lacks an effective way to do so.
August 27, 2024
IRS Issues FAQs on Student Loan Repayment Matching in Retirement PlansThe Secure 2.0 Act permits employers to match student loan repayments through retirement plan contributions.
August 26, 2024
3 Florida Men Plead Guilty in Tax Fraud SchemeThe defendants required clients to pay them a portion of the fraudulently obtained refunds, DOJ says
August 21, 2024
Can't Stand Form 1099-R? Tell the IRSTaxpayers can suggest how to improve the distribution form for retirement accounts and annuities, for instance, by Oct. 21.
August 16, 2024
IRS Teams With States and Tax Industry to Fight ScamsThe Coalition Against Scam and Scheme Treats aims to quickly alert the public to new and emerging threats.
August 15, 2024
Vanilla Estate Planning Platform Wins Backing From Edward JonesVanilla aims to use the funding to expand its platform, including embedded AI capabilities.
August 09, 2024
IRS Provides Tax Relief to Hurricane Debby Victims in 4 StatesThe relief order applies to all of South Carolina, most of Florida and North Carolina, and part of Georgia.