The Treasury’s new rules will generally let retirees hold onto more of their savings for longer.
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IRS Watch
November 18, 2020
Upcoming Events November 18, 2020
RMD tables updated to reflect longer lives
By Jeff Stimpson      1 min read
The Treasury’s new rules will generally let retirees hold onto more of their savings for longer.
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IRS allows some businesses to skirt cap on state and local tax deductions
By Michael Cohn     2 min read
Proposed regulations would allow partnerships and S corporations to exceed the $10,000 limit on state and local tax deductions imposed by the Tax Cuts and Jobs Act.
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Will tax audits, enforcement increase to make up for pandemic shortfalls?
By Jeff Stimpson     4 min read
Practitioners share their expectations around the potential for more action from tax authorities.
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IRS plans to mask info on business tax transcripts
By Michael Cohn     2 min read
The Internal Revenue Service intends to start “masking” sensitive information to safeguard taxpayers against the threat of identity theft.
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IRS investigating fewer tax preparers
By Michael Cohn     5 min read
The Internal Revenue Service’s Criminal Investigation unit has been initiating fewer investigations of abusive tax return preparers this past year, while also recommending fewer prosecutions, and seeing fewer indictments and prison sentences this year.
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Tax Fraud Blotter: Diabolical duos
By Jeff Stimpson     5 min read
What a POS; bad bet; too sick to go to prison; and other highlights of recent tax cases.
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IRS to resume house visits to suspected tax cheats
By Laura Davison     2 min read
The service is working to identify 9 million individuals who haven't filed a return.
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More audits of the rich's tax returns could yield trillions
By Natasha Sarin     3 min read
But the IRS would need more resources, writes Natasha Sarin, an assistant professor of law at UPenn.
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