The Tax Professionals Blog

Highlights of Internal Revenue Bulletin 2024-37 – 9/9/2024

Posted by Lee Reams Sr., BSME, EA on

Discover the IRS's updated interest rates for Q4 2024, including overpayments, underpayments, and large corporate rates. Stay compliant and informed with the latest tax updates.

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Designate Support

Posted by Lee Reams Sr., BSME, EA on

Learn how taxpayers supporting their parents can designate support to meet IRS rules, qualify for tax benefits like the head of household status, and save on taxes. Read the article for more insights.

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Highlights of Internal Revenue Bulletin 2024-36 – 9/3/2024

Posted by Lee Reams Sr., BSME, EA on

This week's bulletin highlights the latest IRS rulings, including a new Voluntary Disclosure Program for Employee Retention Credit claims, updates on retirement plan rates, and SECURE 2.0 guidance.

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Filing When Married to a Non-Resident Alien Spouse

Posted by Lee Reams Sr., BSME, EA on

Read this article to learn how U.S. citizens or residents married to nonresident aliens can elect to file jointly by treating the nonresident spouse as a U.S. resident for tax purposes.

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Highlights of Internal Revenue Bulletin 2024-35 – 8/22/2024

Posted by Lee Reams Sr., BSME, EA on

In this release, IRB 2024-35 addresses estate tax interest rates for farm property, 501(c)(3) revocations, and proposed rules on loss deductions for multinational corporations.

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