IRS Finalizes Beneficiary RMD and 10-Year Rule on Inherited IRA
New IRS regulations clarify controversial rules around required minimum distributions and inherited IRAs.
IRS
A Senior IRS Appraiser Played a Lot of Golf on Agency Time
An IRS employee stationed in Hawaii found himself under an IG investigation for abusing official time and sick leave while working on his golf game.
IRS Tax Penalty Jumps to 8%; A Big Surprise is Coming to Millions of Americans
Inflation has driven up tax penalty interest rates which may come as a shock to millions of taxpayers.
IRS Increases Business Mileage Rate for 2024
The IRS has increased the vehicle mileage rate for 2024 by 1.5 cents over the 2023 figure.
IRS Announces “Administrative Transition Period” for Catch-Up Contributions to TSP and Similar Plans
The IRS has revised a policy on catch-up contributions that will impact TSP contributions for many federal employees.
RMD Update…Again!
The IRS released updated guidelines for certain 2023 RMDs. Here is what you need to know.
IRS Ending Most Surprise Visits to Taxpayers’ Homes
The IRS announced a new policy in which it will end most unannounced visits by its agents to taxpayers’ homes.
IRS Agent Used “Alias”, “Deception” to Target Ohio Taxpayer
A Congressman is investigating an alleged incident in which an IRS agent used a fake name to enter an Ohio taxpayer’s home and threaten her with taxes not owed.
IRS Coming After Federal Employees Who Don’t File
The author says that with a possible crackdown coming on tax delinquent federal employees, it is in their best interest to always file their tax returns.
Senators Renew Effort to Hold Tax Delinquent Federal Employees Accountable
Legislation has been reintroduced to hold tax delinquent federal employees accountable for unpaid tax debts or unfilled tax returns.
