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Planners who recommend the increasingly popular charitable vehicles could face penalties for what's currently a pretty common practice in the industry, experts say.
February 26 -
The agency will begin three to four dozen new audits this spring to see if inappropriate deductions were made.
February 22 -
The IRS wants to help businesses know when they don't qualify for an Employee Retention Credit.
February 13 -
A provision paying for breaks for parents and business owners has earned widespread praise, but an expert says financial advisors should be on alert.
February 9 -
Financial advisors and tax professionals with clients who bet online or at casinos must guide them through the choice of classifying as amateur or professional.
January 29 -
As the Internal Revenue Service develops guidance to implement these statutory requirements, it is finding it necessary to make some compromises.
January 25Wolters Kluwer Tax & Accounting -
The Internal Revenue Service has revised the question it has asked in recent years about income from digital assets such as cryptocurrency on the Form 1040 for individual taxpayers this tax season and added it for the first time to tax forms for estates, trusts, partnerships and C and S corporations.
January 22 -
The IRS and Labor Department issued guidance on the new savings vehicles, but financial advisors and other wealth management professionals have questions.
January 22 -
The Internal Revenue Service and the Treasury Department told businesses they won't have to report on the digital assets they receive until regulations are issued.
January 16 -
Retirement plan sponsors and their financial advisors receive guidance from the IRS on how the Secure 2.0 Act opened the door for "de minimis financial incentives."
January 16