The Tax Professionals Blog
Highlights of Internal Revenue Bulletin 2024-45...
Explore IRS Bulletin 2024-45 for updates on 2025 inflation adjustments, retirement plan overpayment rules, Form 990-T extensions, SAF credit guidance, and more.
Read MoreTime-Share Use Charitable Contribution
Donating time-share use for charity? Learn what qualifies as a deductible contribution and what expenses can be claimed. This article explains the rules to avoid surprises at tax time.
Read MoreHighlights of Internal Revenue Bulletin 2024-44...
Learn about IRS Bulletin 2024-44 updates, including HDHP preventive care expansions, new tax classification rules for Tribal entities, and final rules on repatriated intangible property.
Read MoreEquitable Ownership
Can you deduct mortgage interest without being legally liable for the loan? Learn how equitable ownership might allow you to claim deductions, even without legal title. Discover key Tax Court...
Read MoreHighlights of Internal Revenue Bulletin 2024-43...
Explore IRS Bulletin 2024-43’s highlights: updates on long-term part-time employee rules for 403(b) plans, drought-related tax relief, and extensions for conservation easements and HUD–VASH eligibility.
Read MoreHow To Treat a Roof Replacement
Is roof replacement a deductible expense or a capitalized cost? This article discusses the IRS Cap and Repair Regulations and how safe harbor provisions affect small taxpayers with roof repairs.
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