The Tax Professionals Blog

Learn how lease buy-outs are taxed under IRC Sections 61, 1221, and 1231. Understand capital gain treatment and key strategies for landlords and tenants.

IRS Bulletin 2025-44 highlights CAMT interim guidance and new rules for 2025 substitute forms and schedules under Rev. Proc. 2025-27.

Some government payments aren’t taxable under the General Welfare Exclusion. Learn how this rule helps reduce taxable income and supports financial well-being.

IRS Bulletin 2025-43 is out! Get updates on Corporate AMT guidance, excise tax deposit relief, rural area definitions, housing credit regs, and Israel relief extensions.

Tax pros: Lemon Law settlements can trigger complex tax issues. Learn how to separate taxable from non-taxable proceeds, handle legal fees, and adjust deductions or EV credits accurately.