WASHINGTON, DC – APRIL 15: The Internal Revenue Service (IRS) building stands on April 15, 2019 in … [+]…Getty Images The IRS continues to make progress on its inventory of tax returns, payments, refunds, and correspondence. However, some sectors are still experiencing delays. Here’s where things stand. The IRS says it has processed all paper […]
Crypto Currency – Nest egg – wealth generation….getty A recent survey found that 89% of Crypto owners are worried if they pass away, their families will not be able to identify and access their Cryptocurrencies. So, what does financial legacy planning look like for Cryptocurrency? How should you include digital assets in your estate plans? […]
The Internal Revenue Service headquarters in Washington, DC. Photo: Getty Images After months of anticipation, small businesses now have a glimpse of what a revamped Internal Revenue Service could look like as the agency begins to transition to a digital-first approach. The IRS on Thursday released its $80-billion plan to begin the agency’s modernization efforts, […]
(Photo Illustration by Scott Olson/Getty Images)..Getty Images Having been hit by any number of money scams, the swindles that rope people in with a fake IRS connection are probably the slimiest. These scams pop up during tax time, but they seem to circulate throughout the year. Here’s what you need to know: The IRS continues […]
The IRS has released higher federal tax brackets for 2023 to adjust for inflation. The standard deduction is increasing to $27,700 for married couples filing together and $13,850 for single taxpayers. There are also changes to the alternative minimum tax, estate tax exemption, earned income tax credit and flexible spending account limits, among others. IRS […]