IRS
New Law Encourages Roth 401(k) Accounts
For 2023, a participating employee can contribute up to $22,500 in elective deferrals or up to $30,000 if they are age 50 or over.
IRS Says State Issued Stimulus Payments are Not Taxable
The IRS has determined that in the interest of sound tax administration and other factors, taxpayers in many states will not need to report these payments on their 2022 tax returns.
Taxpayer Advocate Rips IRS for Delay in California Tax Issue Ruling
The IRS is trying to decide whether aid payments to taxpayers in more than a dozen states should be taxable.
IRS: Taxpayers E-Filing Amended Returns Can Now Get Their Refunds Direct Deposited
Anyone e-filing Form 1040-X can for the first time select direct deposit and enter their banking info for a faster refund.
Don’t File Your Returns Yet, IRS Tells Millions of Taxpayers
The issue comes with stimulus payments paid by some states in the last year, which has led to tax questions.
IRS Chief Counsel’s Office Has Open Tax Attorney Spots It Wants to Fill
The IRS is hiring tax attorneys to help enhance the taxpayer experience and address noncompliance.
IRS Working on 1099 Guidance for Middle Class Tax Refund in California
The agency previously said it was working on guidance for 19 states that provided refunds of some form in 2022.
Suspicious White Powder Found at a Georgia IRS Office
A package containing the powder, which was found in the mailroom, was determined to be harmless.