The Tax Professionals Blog
OBBBA No Tax on Tips
The OBBBA now offers a deduction for qualified tips up to $25K, with AGI limits, reporting rules, and exclusions. See if you or your clients qualify from 2025–2028.
Read MoreHighlights of Internal Revenue Bulletin 2025-32...
IRS Bulletin 2025-32 covers retirement plan check guidance, estate tax letter fee changes, exempt org revocations, and 2026 premium tax credit adjustments.
Read MoreHighlights of Internal Revenue Bulletin 2025-31...
In this release, the IRS reports disciplinary actions, revokes a digital asset rule under the CRA, updates W-2/W-3 printing specs, and provides new pension mortality tables for 2025.
Read MoreOBBBA Impact on Energy Credits
The One Big Beautiful Bill shortens EV and home energy credit timelines. Clients must act before September 30 or December 31, 2025, to qualify for major tax savings.
Read MoreHighlights of Internal Revenue Bulletin 2025-30...
IRB 2025-30 announces 83 guidance documents are now obsolete, updates inflation factors for clean energy credits, and withdraws proposed Sec. 382(h) regs.
Read MoreNon-Cash Prizes
Non-cash prize winnings can trigger big tax bills—but smart strategies using FMV, resale value, and court precedents can help. Learn how to lower your tax burden the right way.
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