Are your personal and business emails private? Last week the IRS indicated to members of Congress that it had the authority to read them. In a statement issued on April 22, 2013, the IRS clarified the scope of this authority:
“Where the IRS already has an active criminal investigation and seeks to obtain the content of emails from an Internet Service Provider (ISP), we obtain a court ordered search warrant. It is not the IRS policy to seek the content of emails from ISPs in civil cases.”
Source: IRS statement 4.22.13
Payments within one tax year of the entire amount due to a participant in a qualified retirement plan. Qualifying lump sums may be directly rolled over tax free, or, in some cases, are eligible for current tax under a favorable averaging method.