IRS
The latest IRS (Internal Revenue Service) news, comment and features from Kiplinger
Latest
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15 Believe It or Not Tax Breaks
Tax Breaks Your fellow taxpayers have successfully claimed write-offs for many things that most of us wouldn't even imagine.
By Joy Taylor Last updated
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Inflation and Taxes: A Married Couple's Taxes Stay the Same?
The IRS’ inflation adjustments for 2023 would help a married couple pay the same effective tax rate as in 2022 even though their income increased.
By David Weinstock, CFP®, AEP®, CPA Published
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How to Handle an IRS Audit of Your Tax Return
tax returns Keys to success in handling an IRS audit include being well prepared, establishing credibility, and keeping your wits about you.
By Kevin McCormally Last updated
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An RMD Deadline is Approaching Quickly – And Missing It Could Cost You Big Bucks
If you're age 72 or older, take your required minimum distribution now to avoid a big penalty or a double-dip next year.
By Rocky Mengle Published
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Is Your Company Ready for the New Partnership Tax Audit Rules?
taxes Unless you take action, you could be facing some unpleasant tax consequences.
By John M. Goralka Last updated
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When RMDs Loom Large, QCDs Offer a Gratifying Tax Break
Send money directly to charity from your traditional IRA, and you won’t owe taxes on the amount you donate. It’s a win-win!
By Scott Tucker, Investment Adviser Representative Published
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3 Reasons Delaware Statutory Trusts Are Here to Stay
Changing demographics, effects of the pandemic and economics will likely ensure the longevity of 1031 exchanges and DSTs.
By Dwight Kay Published
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College 529 Savings Plans: What You Need to Know
529 Plans Do you know how much you’re able to contribute or what the funds could be used to pay for? Check out the nitty-gritty details of this formidable college savings tool.
By Michael Aloi, CFP® Published
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You Can Still Claim $1,400 Stimulus Checks and 2021 Child Tax Credits
The IRS says that stimulus payments and 2021 child tax credits are still available for eligible individuals who haven’t received them.
By Kelley R. Taylor Last updated