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Moving Retirement Money Could Soon Get Easier Under New IRS Guidance

The IRS is proposing a more standardized way to move retirement savings between employer-sponsored plans and IRAs, potentially reducing paperwork and uncertainty for workers changing jobs or consolidating accounts. But one important element of the new rollover process could make a meaningful difference for plan participants and administrators.
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Expanded Paid-Leave Tax Credit Gives Employers More Ways To Qualify

New IRS guidance explains how businesses can benefit from the permanently expanded federal tax credit for paid family and medical leave, including broader employee eligibility and a new insurance-premium option.
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IRS Introduces Automatic Penalty Relief For Taxpayers With Strong Filing Histories

A new IRS program will automatically prevent certain filing and payment penalties for taxpayers with a record of meeting their obligations—eliminating the need to request relief in many cases.

IRS Eyes Charitable Donation Abuse In New Audits, Tax Pros Say

The IRS is increasing audits of non-cash charitable donations, with tax professionals reporting greater scrutiny of asset valuations, appraisal requirements and technical filing rules as the agency broadens enforcement beyond conservation easements.

Nine Reasons The IRS Could Take Your Tax Refund

A tax refund isn't always guaranteed to reach your bank account. Here's a list of reasons why the IRS may legally withhold or offset your refund—and what you can do if it happens.

Your First Required IRA Withdrawal At 73 Can Push You Past The IRMAA Cliff For A Full Year

Turning 73 brings an important retirement decision: when to take your first required minimum distribution (RMD). Waiting until April 1 of the following year may seem convenient, but it can result in two RMDs landing in the same tax year, potentially increasing your income and triggering higher Medicare premiums through IRMAA.