IRS WATCH

Tax changes in the wind

By John P. Napolitano       6 min read

Financial planning clients need to start preparing for potential legislative upheavals now. Read story →

Big tax bills to hit even modest inheritances if step-up in basis narrows

By Lynnley Browning       5 min read

"Inheritors are going to get killed" under the White House’s proposal to put the brakes on tax-free intergenerational transfers of wealth. Read story →

IRS seeks nominations for 2022 Advisory Council

By Jeff Stimpson       1 min read

The service is looking for members for three-year terms to start in January of next year. Read story →

Lawmakers introduce tax deduction fix for RV trailers

By Michael Cohn       2 min read

New legislation would equalize the tax breaks for different types of recreational vehicles, including travel trailers and campers.  Read story →

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IRS disburses billions more in Economic Impact Payments, plus-up payments

By Michael Cohn       2 min read

The Internal Revenue Service disbursed more than 1.8 million additional Economic Impact Payments totaling over $3.5 billion under the American Rescue Plan in the past two weeks. Read story →

IRS is trying to catch stimulus payment fraud, but billions may have been paid

By Michael Cohn       6 min read

The Internal Revenue Service issued more than 4.4 million Economic Impact Payments last year totaling more than $5.5 billion to potentially ineligible people, according to a new report. Read story →

Tax pros try to build post-season client pipelines

By Jeff Stimpson       3 min read

While some are scouting for prospects, others are still recovering. Read story →

Biden tax plan forecast to bring in $3.6T in a decade

By Laura Davison, Allyson Versprille and Michael Rapoport       4 min read

The administration is looking for big money from a higher corporate tax rate and better IRS enforcement. Read story →

Tax Fraud Blotter: Way off the books

By Jeff Stimpson       5 min read

A crook named Kusok; more holes than a Swiss cheese; anti-social media; and other highlights of recent tax cases. Read story →

$10,000 crypto tax-reporting rule won’t change much

By Alexis Leondis       3 min read

Better, more timely guidance from the IRS would do more to drive compliance, writes Alexis Leondis. Read story →

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