Browsing Tag
Internal Revenue Service (IRS)
101 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.
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…
IRS Says ‘No’ to Tax Deductibility of PPP Loans
It’s the latest guidance from the Treasury Department and the IRS, which clarified last week that the tax…
2021 401(k) Contribution Limits Released: IRS
As was widely expected, 401k contribution limits will not increase in 2021, the Internal Revenue Service (IRS) announced…
IRS Deadline to Return Unwanted 2020 RMDs Fast Approaching
Time is running out for retirement account holders to roll back any unwanted required minimum distributions (RMDs) they…
IRS Reminds Seniors: No RMD in 2020
The Internal Revenue Service is reminding seniors and retirees that they are not required to take money out of…
IRS Reveals 2020 ‘Dirty Dozen’ Tax Scams
How many times have we inadvertently clicked on a link, only to realize something is amiss? The angst…
IRS Announces CARES Act RMD Relief
If a retiree took a required minimum distribution but is having second thoughts in the wake of COVID,…
IRS Expands 401k Withdrawal, Loan Eligibility Under CARES Act
The Internal Revenue Service is making it easier (again) to access 401ks for loans and withdrawals. Released Friday,…