Highlights of Internal Revenue Bulletin 2024-48 – 11/25/2024
IRS Bulletin 2024-46 includes important updates on employee plans, excise tax changes for preventive services, and revocation of IRC 501...
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The Tax Professionals Blog · 446 articles
Insurance Agent Termination Payments
Termination payments for retiring insurance agents are subject to specific tax rules. Learn how these payments are treated as ordinary i...
Read moreHighlights of Internal Revenue Bulletin 2024-47 – 11/18/2024
IRS Bulletin 2024-47 covers essential updates on retirement plan adjustments, preventive services coverage rules, 501(c)(3) status revoc...
Read moreForcing Itemized Deductions Can Reduce the Alternative Minimum Tax
For clients facing the Alternative Minimum Tax (AMT), electing itemized deductions can reduce their tax bill. Learn this valuable tax st...
Read moreHighlights of Internal Revenue Bulletin 2024-46 – 11/12/2024
IRS Bulletin 2024-46 brings updates on income tax, including the new requirements for manufacturers to qualify for credits under § 25C a...
Read moreIRD Income and the Frequently Overlooked Estate Tax Deduction
Learn how to identify and calculate the estate tax deduction for income in respect of a decedent (IRD) to maximize benefits for clients ...
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