Browsing Tag
Internal Revenue Service (IRS)
98 posts
The Internal Revenue Service (IRS) is the U.S. federal agency responsible for administering and enforcing tax laws. It collects taxes, processes tax returns, issues refunds, and ensures compliance with federal tax obligations. Operating under the Department of the Treasury, the IRS also provides taxpayer assistance, develops regulations, and combats tax fraud.
IRS Issues Proposed Regulations for RMDs Under the SECURE Act
'A variety of issues arise in determining whether an individual is an eligible designated beneficiary'
IRS Issues RMD Reminder Amid Recent Age Increase to 72
Anyone who reached age 72 after June 30, 2021, is covered by a special rule
IRS Finally Clarifies 401(k) RMD Calculations in Proposed Rule
Commenters are “strongly encouraged” to submit public comments electronically
IRS Reminder: Most Retirees Must Take RMDs by Dec. 31
The Internal Revenue Service sent out a reminder today for retirement plan participants and IRA owners about required minimum distribution requirements
IRS Bumps 2022 401(k) Contribution Limit By $1,000
Catch-up contribution limits, annual IRA contribution limits remain unchanged
Cycle 3 Restatement Deadline for 401k Plan Documents Approaching
While deadline looms July 31, 2022, now is the time to make sure plan sponsors are on track to rewrite, approve and adopt plan documents for “Post PPA” restatement cycle
IRS Releases 2022 HSA Contribution Limits
The IRS is out with increased health savings account (HSA) contribution limits for the coming year, and both…
Biden’s War on Wealth: 4 Proposals to Raise Tax Revenue
Slideshow details four of President Biden’s major proposed tax increases targeting corporations and very wealthy Americans.
IRS Extends Tax Deadlines, Provides Relief for Texas Storm Victims
The Internal Revenue Service (IRS) announced on Monday that victims of this month’s winter storms in Texas will…
Warren Buffet Pushes for PPP2: ‘It’s Economic War’
Warren Buffett hearts small businesses. The Berkshire Hathaway chairman and “Oracle of Omaha” spoke with CNBC’s Becky Quick…