CHINA TOPIX

05/17/2024 07:17:11 am

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Internal Revenue Service

Internal Revenue Service

Law Allows IRS to Seize Suspicious Accounts Even Those Without Criminal Liability

Bank clients with less than US$10,000 frequent deposits from suspicious sources are potential targets for account seizure even in the absence of a formal criminal case, Internal Revenue Service (IRS) said.

U.S. labor force

U.S. Workers Can Save $500 More in Their 401k Plan Beginning Next Year

American workers can now increase their 401(k) contributions by US$500 following a recent change of rule in the Internal Revenue Service (IRS) that was announced on Thursday.

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