The Tax Professionals Blog
Mandatory 401k Roth Contributions Under the SECURE 2.0 Act
Posted by Lee Reams Sr., BSME, EA on
In this release, learn about key SECURE 2.0 Act changes to 401(k) catch-up contributions, including increased limits for ages 60-63 and Roth requirements for high earners
Highlights of Internal Revenue Bulletin 2025-7 – 2/10/2025
Posted by Lee Reams Sr., BSME, EA on
In this release, explore IRS Bulletin 2025-7, featuring key updates on tax credits, employee plans, and federal rates. Stay informed on the latest IRS rulings and procedures.
Coverdell ESA to Sec 529 Plan Rollover
Posted by Lee Reams Sr., BSME, EA on
In this release, learn how to roll over a Coverdell ESA into a 529 plan, key deadlines, and expanded benefits, including Roth IRA rollovers, student loan payments, and tuition coverage.
Highlights of Internal Revenue Bulletin 2025-6 – 2/3/2025
Posted by Lee Reams Sr., BSME, EA on
Stay updated on the latest IRS rulings, tax procedures, and regulations from the February 2025 Internal Revenue Bulletin. Learn about key changes affecting taxpayers, businesses, and advisors.
The Purpose of Sec 7216 Regulations Related to Tax Preparers
Posted by Lee Reams Sr., BSME, EA on
In this article, learn how Sec. 7216 regulates tax return preparers, protects taxpayer info, outlines penalties, and defines exceptions. Stay compliant and safeguard client confidentiality.