Retirement

The bipartisan legislation will provide more retirement planning options for accountants to advise small business clients about, while also fixing a glitch in the Tax Cuts and Jobs Act that imposed the kiddie tax on children of deceased service members.

The U.S. House of Representatives approved legislation that relaxes the rules for retirement savers and corrects an unintended side-effect of the 2017 tax law that hit children of military members who died in combat with higher-than-expected tax bills.

As the U.S. retirement savings crisis continues to grow, legislators are taking steps to ensure all employees have access to formal retirement savings programs.

The bipartisan legislation aims to expand retirement savings by offering more tax incentives to individuals and small businesses.

The Internal Revenue Service has issued final regulations upping user fees on enrolled agents and enrolled retirement plan agents.

The Internal Revenue Service has decided to once again expand a program that allows retirement plans to receive determination letters after announcing four years ago it was curtailing the program.

Three bills that would make major change have already emerged from the Ways & Means Committee.

When partners retire, maintaining client relationships and providing clear expectations are important building blocks for a firm’s sustained success.

The House Ways and Means Committee voted to approve legislation that would relax the rules for those saving for retirement.

The Internal Revenue Service isn’t doing enough to flag over $74 million in potentially erroneous claims for the Excess Social Security Tax Credit, according to a new report.