The Tax Professionals Blog
Highlights of Internal Revenue Bulletin 2025-50...
Internal Revenue Bulletin 2025-50 includes OPR disciplinary actions, guidance on new OBBBA tip and overtime deductions, advanced energy credits, and updated federal tax rates.
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Home Office in a Separate Structure
Selling a home with a separate business structure brings special tax rules. Learn how §121 exclusions, depreciation, and gain treatment apply—and how to plan for the best outcome.
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Highlights of Internal Revenue Bulletin 2025-49...
Here’s a look at important changes from IRS Bulletin 2025-49, featuring updated Section 415 limits and the new 2025 base period T-bill rate.
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Converting a Home into a Rental
Turning a home into a rental? Learn how basis, depreciation, and gain vs. loss rules work—and how Section 121 may still help reduce taxable gain.
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Highlights of Internal Revenue Bulletin 2025-48...
This week’s IRS Bulletin highlights penalty relief for 2025, updated 2026 interest rates, and new safe harbor guidance for digital asset investment trusts. Learn what’s new and who it impacts.
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Qualified Small Business Stock
Learn how Qualified Small Business Stock (QSBS) can reduce capital gains tax, key requirements, exclusion limits, rollovers, and planning strategies for investors.
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