Year-round tax planning tips for taxpayers

Tax Tip 2025-38, June 11, 2025 — Here are some simple things taxpayers can do throughout the year to make next filing season less stressful.
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Individuals

Listing of required modifications (LRMs)

A collection of information packages designed to assist sponsors who are drafting or re-drafting plans to conform with applicable laws and regulations.
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Administrators

Tax planning doesn’t stop after a taxpayer files a tax return

Tax Tip 2023-86, June 28, 2023 — Just because a taxpayer filed a tax return doesn’t mean they should forget taxes until next year. What a taxpayer does now may affect the tax they owe or the refund they may receive next year.
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Individuals

Employee Plans abusive tax transactions

The IRS is engaged in extensive efforts to curb abusive tax shelter schemes and transactions. A listing of those transactions which require disclosure and other resources have been provided.
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Administrators

Frequently asked questions about splitting federal income tax refunds

You may now split your refund among as many as three accounts.
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A guide to information returns

If you’re engaged in a business or trade, understand the transactions you must report on information returns to the IRS and to the recipient of the payment or other party in the transaction. Find forms and deadlines. Starting tax year 2023, if you have 10 or more information returns, you must e-file them.
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Small Businesses

IRS Direct File – A free, easy and secure way to prepare and file 2024 taxes online

FS-2025-02, March 2025 — More taxpayers in more states will be able to file their 2024 federal taxes directly with the IRS for free. This filing season, Direct File includes new features to make filing taxes quicker and easier.
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Individuals

EP Issue Snapshots

The IRS Tax Exempt and Government Entities (TE/GE) Knowledge Management team periodically issues research summaries called “Issue Snapshots” on tax-related issues for practitioners.
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Administrators

Rollovers as business start-ups compliance project

Rollovers as Business Start-Ups Compliance Project
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Administrators

Financial Advisors Are Assets in Your Clients One Participant Plans More Than 250000

Financial Advisors: Are Assets in Your Client’s One-Participant Plans More Than $250,000?
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Administrators