January 06, 2025 · Lee Reams Sr., BSME, EA

Highlights of Internal Revenue Bulletin 2025-2 – 1/6/2025

In IRS Bulletin 2025-2, learn about RMD regulation updates, corrections to prior announcements, and key income tax clarifications. Essen...

Read more →

January 02, 2025 · Lee Reams Sr., BSME, EA

Homeowner Association Dues

Can you deduct HOA dues? It depends! Discover how property use impacts deductions for rental income, home office, real estate taxes, and...

Read more →

December 30, 2024 · Lee Reams Sr., BSME, EA

Highlights of Internal Revenue Bulletin 2025-1 – 12/30/2024

Discover the latest IRS rulings and procedures in IRB 2025-1, including updates on administrative guidance, employee plans, exempt organ...

Read more →

December 24, 2024 · Lee Reams Sr., BSME, EA

Beneficial Owner Reporting Injunction

A nationwide injunction temporarily halts enforcement of the Corporate Transparency Act, delaying Beneficial Ownership Information repor...

Read more →

December 23, 2024 · Lee Reams Sr., BSME, EA

Highlights of Internal Revenue Bulletin 2024-52 – 12/23/2024

Dive into the latest IRS Internal Revenue Bulletin 2024-52. Learn about tax reform updates, employee plan changes, and new energy credit...

Read more →

December 16, 2024 · Lee Reams Sr., BSME, EA

Below Market (Gift) Loans

Did you know below-market loans can have tax consequences? Learn how gift loans, employer loans, and AFR rates impact taxes. Discover ex...

Read more →