IRS

The Internal Revenue Service guidance caused some consternation among some small businesses and tax experts.

The IRS is extending the claims period for health care flexible spending arrangements and dependent care assistance programs and enabling taxpayers to make mid-year changes to their accounts.

The IRS is giving taxpayers who want to receive their payments by direct deposit a tight deadline.

The Internal Revenue Service has posted information on how people who weren’t supposed to receive their economic impact payments for the novel coronavirus pandemic should return the money.

How will the relief package impact retirement accounts? CPA Ed Slott fields this and other top financial planning queries.

Small businesses that manage to get their Paycheck Protection Program loans forgiven may find themselves losing valuable tax breaks, according to new guidance from the Internal Revenue Service.

While the Fed regularly updates taxpayer rolls with death certificate information, the IRS was relying on 2018 data to process the checks.

Despite the July 15 deadline extension as a result of the coronavirus, some taxpayers are advised to file early.

Clients may consider rebalancing their portfolio more often to address asset allocation shifts as a result of the downturn.

Recipients of Social Security benefits, as well as railroad retirement and veterans benefits recipients, will need to act fast.

A rule designed to prevent simple deduction abuses brings significant complexity to planning.

The IRS now says some unwanted RMDs can be undone, eliminating the tax bill

Even as they still have to deal with tax season, the service is tasked with handling much of the stimulus packages.

These direct payments are intended to provide direct assistance to American taxpayers who have lost wages, jobs or opportunities because of COVID-19. But there is some fine print.

From Roth conversions to QHFDs: The coronavirus pandemic is forcing difficult questions, and clients rightfully are looking for answers that advisors are uniquely suited to provide.

The Internal Revenue Service is postponing the date for filing gift tax and generation-skipping transfer tax returns and making payments until July 15 because of the novel coronavirus pandemic.

It follows an earlier decision to delay the payment deadline, but not the filing deadline, in response to the coronavirus pandemic.

Some clients can get an extension on paying taxes of up to $1 million and corporations can defer tax payments of up to $10 million.

While the Trump administration has called for a delay to the April 15 deadline, they have yet to issue formal guidance on when paperwork is due.

The richer they are, the more options clients have to insulate themselves from the coronavirus and its effects.