IRS Issues FAQs On Retirement Plan Distributions And Loans Following Major Disasters
The IRS has answered some frequently asked questions (FAQs) related to distributions from retirement plans and loans for ...
Jackpot! Slot-machine gamblers could keep more of their winnings from IRS scrutiny under proposed rule.
Gamblers who play slot machines may soon be able to win more money before the Internal Revenue Service takes notice — and it ...
Accounting Today8h
IRS adjusts HSA amounts for 2025
The Internal Revenue Service issued the annual inflation adjustments for health savings accounts in 2025 as prices continue ...
The $230 billion donor-advised fund industry gets an IRS hearing
Congress and the Biden administration are considering what, if anything, should be done to tighten restrictions on ...
NBC Los Angeles13h
IRS boosts health savings account contribution limits for 2025
The IRS has increased the health savings account contribution limits for 2025. Here’s how much you can deposit with a ...
Think Advisor8h
IRS Releases 2025 Inflation Adjustments for HSAs
New guidance sets out the maximum amount that may be made newly available for excepted benefit health reimbursement ...
JD Supra1d
IRS Rules Utility's NOL Carryforward Cannot Be Reduced by Tax Allocation Payments
The IRS recently issued a private letter ruling (PLR) that a utility's net operating loss carryforward (NOLC) cannot be reduced by tax allocation payments under the normalization rules. The utility, ...
Houston Chronicle on MSN6h
Have you claimed your 2020 tax return? The IRS is giving taxpayers a week to claim
The statement from the IRS says 1 million people did not file for tax returns in 2020. Texas tops the list of states with ...
Moneywise on MSN14h
‘Many engaged in tax evasion’: A new IRS plan targets high-income Americans who haven’t done this 1 simple thing in recent years — here's what you need to know
The IRS is cracking down on thousands of high-income Americans who haven’t filed their tax returns for several years — and ...