Highlights of Internal Revenue Bulletin 2024-51 – 12/16/2024
The IRS Bulletin 2024-51 brings key updates on the 1099-K reporting thresholds, CHIPS Act payments, advanced manufacturing investment an...
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The Tax Professionals Blog · 446 articles
Capitalizing Property Taxes: What You Need to Know
Tax strategy tip: Capitalizing property taxes can boost your cost basis while addressing AMT and SALT limitations. Learn how this method...
Read moreHighlights of Internal Revenue Bulletin 2024-50 – 12/9/2024
Key IRS updates in Bulletin 2024-50: Census disclosure rules, § 403(b) plan deadlines, exempt organization revocations, and income tax c...
Read moreExcess Deductions Upon Termination of a Trust
Confused about excess deductions from a terminated trust? Learn how beneficiaries can report these deductions on Schedule A, line 16, an...
Read moreHighlights of Internal Revenue Bulletin 2024-49 – 12/2/2024
Stay updated with IRS Bulletin 2024-49! Learn about new interest rates for 2025, PCORTF fee adjustments, employee plan updates, and Dece...
Read moreExtension Precautions
Filing a tax extension? In this article, discover how to properly estimate tax liability, meet deadlines, and avoid penalties. Ensure yo...
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