The Tax Professionals Blog
Cancellation of Debt of a Decedent
Posted by Lee Reams Sr., BSME, EA on
Did you know COD income after a taxpayer’s death is taxable to the estate? Learn how insolvency exclusions work and when beneficiaries may be held liable.
Highlights of Internal Revenue Bulletin 2025-12 – 3/11/2025
Posted by Lee Reams Sr., BSME, EA on
IRS Bulletin 2025-12 finalizes clean energy tax credit rules! Learn about § 45Y & § 48E, emissions rates & eligibility updates under the Inflation Reduction Act.
Highlights of Internal Revenue Bulletin 2025-11 – 3/10/2025
Posted by Lee Reams Sr., BSME, EA on
IRS Bulletin 2025-11 is here. Updates include tax Appeals rules, excise tax changes, and 2025 depreciation limits.
Surrogacy Fees
Posted by Lee Reams Sr., BSME, EA on
Are surrogacy fees taxable? We break down the IRS stance on income reporting, self-employment tax, and deductions for both surrogates and parents. Learn more about surrogacy tax treatment.
Highlights of Internal Revenue Bulletin 2025-10 – 3/3/2025
Posted by Lee Reams Sr., BSME, EA on
In this release: IRS updates on corporate bond yield rates and proposed rules on corporate separations, incorporations, and reorganizations. Learn more in IRB 2025-10.