The Tax Professionals Blog
Highlights of Internal Revenue Bulletin 2025-32 – 8/4/2025
Posted by Lee Reams Sr., BSME, EA on
IRS Bulletin 2025-32 covers retirement plan check guidance, estate tax letter fee changes, exempt org revocations, and 2026 premium tax credit adjustments.
Highlights of Internal Revenue Bulletin 2025-31 – 7/28/2025
Posted by Lee Reams Sr., BSME, EA on
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.
OBBBA Impact on Energy Credits
Posted by Lee Reams Sr., BSME, EA on
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.
Highlights of Internal Revenue Bulletin 2025-30 – 7/21/2025
Posted by Lee Reams Sr., BSME, EA on
IRB 2025-30 announces 83 guidance documents are now obsolete, updates inflation factors for clean energy credits, and withdraws proposed Sec. 382(h) regs.
Non-Cash Prizes
Posted by Lee Reams Sr., BSME, EA on
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.