December 17, 2025 · Lee Reams Sr., BSME, EA

Qualified Joint Venture

Spouses running a business together may qualify to elect out of partnership rules. This article explains requirements, reporting, and sel...

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December 15, 2025 · Lee Reams Sr., BSME, EA

Highlights of Internal Revenue Bulletin 2025-51 – 12/15/2025

This week’s Internal Revenue Bulletin includes updates on PTIN rules, pension rate guidance, estate tax user fees, stock repurchase excis...

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December 10, 2025 · Lee Reams Sr., BSME, EA

Expenses of a Failed Business

Learn how Rev. Rul. 67-12 allows certain expenses of a discontinued business to be deducted when paid, and how to report them correctly.

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December 08, 2025 · Lee Reams Sr., BSME, EA

Highlights of Internal Revenue Bulletin 2025-50– 12/8/2025

Internal Revenue Bulletin 2025-50 includes OPR disciplinary actions, guidance on new OBBBA tip and overtime deductions, advanced energy c...

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December 03, 2025 · Lee Reams Sr., BSME, EA

Home Office in a Separate Structure

Selling a home with a separate business structure brings special tax rules. Learn how §121 exclusions, depreciation, and gain treatment a...

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December 01, 2025 · Lee Reams Sr., BSME, EA · IRS Tax Bulletin

Highlights of Internal Revenue Bulletin 2025-49 – 12/1/2025

Here’s a look at important changes from IRS Bulletin 2025-49, featuring updated Section 415 limits and the new 2025 base period T-bill rate.

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