IRS

The change bars money managers from using some types of business entities to take advantage of an exemption to rules laid out in the 2017 tax law.

The COVID-19 pandemic has infected the service’s annual list of top tax scams.

Coronavirus-related distribution provisions can now be returned and there’s a larger pool of recipients eligible for relief. Here’s what advisors need to know

“Time is quickly running out for these taxpayers," IRS Commissioner Chuck Rettig said in a statement.

The extension also applies to Americans living abroad who would otherwise generally have had a filing deadline of June 15.

The rollover period has been extended to Aug. 31, allowing some clients to breath a sigh of relief.

The Internal Revenue Service is extending the due dates on its balance due notices because it wasn’t able to mail out the preprinted letters to taxpayers due to office closures during the ongoing COVID-19 pandemic.

The Internal Revenue Service won’t charge people who threw their stimulus money away because they thought the envelope was junk mail.

The Internal Revenue Service and the Treasury Department issued proposed regulations Wednesday to update the income tax withholding rules for periodic retirement and annuity payments made after Dec. 31, 2020.

The Internal Revenue Service issued its annual inflation adjustment Wednesday for health savings accounts for 2021, at a time when many taxpayers are worried about their health in the midst of the novel coronavirus pandemic.