IRS Announces Inflation-Adjusted Figures for 2024
We have the new tax brackets and other updated figures.
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Save More for Retirement in 2024
You’ll be allowed to contribute more to IRA, 401k and other retirement accounts in 2024.
Discreet Retreat Before Defeat
IRS is offering a relatively painless way to back out if you made a bad claim for employee retention credit (ERC).
IRS Announces 2024 Direct File Pilot
IRS has announced a 2024 pilot for a program that will make it possible to prepare and file returns directly with the IRS.
Knock Knock, Who’s There, Not the IRS
Gone are the days when they’ll just drop by for a friendly visit.
New IRS Ruling on IDGTs
A device often useful in estate planning goes by the peculiar name intentionally defective grantor trust, or IDGT. The terms of the trust are crafted to prevent the grantor (the wealthy individual who funded the trust) from being considered the owner for purposes of the estate tax. The income tax rules, however, treat the grantor …