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IRS issues final regulations on inherited IRAs

by DunlapSLK | Jul 26, 2024 | Resources For Individual Taxpayers

The IRS has published new regulations relevant to taxpayers subject to the “10-year rule” for required minimum distributions (RMDs) from inherited IRAs or other defined contribution plans. The final regs, which take effect in 2025, require many beneficiaries to take...

IRS ramps up compliance enforcement against certain businesses

by DunlapSLK | Jul 26, 2024 | Resources For Employers

The Inflation Reduction Act provided the IRS with billions of dollars of additional funding to reduce the so-called “tax gap” between what taxpayers owe and what they actually pay. The tax agency has already launched numerous initiatives aimed at this goal, including...

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