Comprehensive Tax Resolution LLC

IRS proposes eligible investment options for Trump Accounts

IRS Proposes Eligible Investment Options for Trump Accounts (1) The US Treasury Department has proposed the types of mutual funds and exchange traded funds to be included in Trump Accounts, the tax-advantaged savings vehicles for kids, during the growth period.

IRS makes it easier for business owners to manage their tax payments online

IRS Makes It Easier For Business Owners To Manage Their Tax Payments Online There will now be more online options for small business owners and other Business Tax Account users to make tax payments and view IRS notices, the IRS announced August 6. The agency said it has added new features to the online self-service platform that will help eligible taxpayers manage their

US Treasury, IRS set out initial framework for Saver’s Match rollout

US Treasury, IRS set out initial framework for Saver’s Match rollout The notice proposes the Saver’s Match structure and requests public feedback ahead of formal rulemaking.

– IRS issues proposed regs on employer contributions to trump accounts

IRS Issues Proposed Regs on Employer Contributions to Trump Accounts The proposed regulations outline requirements for employers that wish to maintain a Trump Account contribution program.

IRS took twice as long to process paper returns

IRS took twice as long to process paper returns The IRS needed a month to process paper tax returns this filing season, double the amount last year, due to staffing shortages and unavailable systems.

Moving your 401(k)? New IRS forms could make rollovers easier

Moving Your 401(k)? New IRS Forms Could Make Rollovers Easier The optional forms aim to standardize direct rollovers, encourage electronic transfers, and take some of the paperwork out of moving retirement savings.

Treasury, IRS move to restrict refundable tax credits to certain immigrants

Treasury, IRS move to restrict refundable tax credits to certain immigrants The move would likely impact hundreds of thousands of immigrants who have Social Security numbers and have received authorization to work in the U.S., experts said.

The IRS is scrutinizing how UnitedHealth moved money through foreign subsidiaries – and whether it underpaid taxes

The IRS is scrutinizing how UnitedHealth moved money through foreign subsidiaries—and whether it underpaid taxes The agency wants to raise the health giant's taxable income for four straight years. Neither side will say how much is at stake.

IRS updates FAQs on OBBBA overtime tax deduction

IRS Updates FAQs on OBBBA Overtime Tax Deduction The IRS updated frequently asked questions about the new deduction for qualified overtime compensation, one of the many One Big Beautiful Bill Act tax provisions touted by the Trump administration.

IRS offers employers guidance on paid medical leave tax credit

IRS Offers Employers Guidance on Paid Medical Leave Tax Credit The US Treasury Department issued guidance for employers seeking to take advantage of the paid family and medical leave tax credit included in last year’s Republican tax-and-spending bill.