Don’t Get Hit With A 25% Penalty: What The New IRS Rule Means For Inherited IRAs

As the largest wealth transfer in U.S. history accelerates, millions of Americans are poised to inherit more than assets—they may also inherit unexpected tax headaches.

IRS Issues Urgent Warning About Social Media Tax Scams

The IRS reports that misleading social media posts and self-proclaimed “tax experts” have caused widespread confusion, resulting in over $162 million in penalties and more than 32,000 enforcement actions.