The Internal Revenue Service has issued new rules to allow employers with cafeteria plans to immediately permit their employees to make tax-free deductions if they enroll their eligible dependents up to age 26 on their health insurance plans.

Insurance and financial service professionals who prepare income tax returns for their clients could face increased regulation by the Internal Revenue Service.

Insurance agents and financial service professionals that provide paid tax preparation services to their clients may be required to be licensed by the Internal Revenue Service.

Currently, only tax preparers who …  Read →