The Tax Professionals Blog

Highlights of Internal Revenue Bulletin 2024-42 – 10/15/2024

Posted by Lee Reams Sr., BSME, EA on

In this article, learn more about IRS proposed rules for corporate minimum tax (CAMT) and other key updates from Internal Revenue Bulletin 2024-42.

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Lemon Law & Tax Issues

Posted by Lee Reams Sr., BSME, EA on

Did you know lemon law settlements could impact your taxes? From taxable compensation to legal fees, learn how different parts of a settlement may affect your tax return in this article.

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Highlights of Internal Revenue Bulletin 2024-41 – 10/7/2024

Posted by Lee Reams Sr., BSME, EA on

Check out the latest IRS Bulletin 2024-41, covering per diem rates, renewable energy credits, and updates on tax-exempt bond procedures. Learn how these changes may affect your tax filings.

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Comparison Table Qualified Relative and Qualified Child

Posted by Lee Reams Sr., BSME, EA on

Confused about the difference between a Qualified Child and a Qualified Relative for taxes? Learn the essential distinctions, like age, residency, and support requirements, to maximize your tax benefits.

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Highlights of Internal Revenue Bulletin 2024-40 – 9/30/2024

Posted by Lee Reams Sr., BSME, EA on

Discover essential IRS updates in Bulletin 2024-40, covering corporate tax relief, estate tax changes, and Tribal general welfare benefits. Stay informed on important tax regulations and compliance rules.

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