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 cli...
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The Tax Professionals Blog · 446 articles
Highlights of Internal Revenue Bulletin 2025-32 – 8/4/2025
IRS Bulletin 2025-32 covers retirement plan check guidance, estate tax letter fee changes, exempt org revocations, and 2026 premium tax ...
Read moreHighlights of Internal Revenue Bulletin 2025-31 – 7/28/2025
In this release, the IRS reports disciplinary actions, revokes a digital asset rule under the CRA, updates W-2/W-3 printing specs, and p...
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 q...
Read moreHighlights of Internal Revenue Bulletin 2025-30 – 7/21/2025
IRB 2025-30 announces 83 guidance documents are now obsolete, updates inflation factors for clean energy credits, and withdraws proposed...
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...
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