The Tax Professionals Blog
Highlights of Internal Revenue Bulletin 2024-39...
This release of IRS Bulletin 2024-39 covers public comments on SECURE 2.0, updates on 501(c)(3) revocations, and key tax credits. Learn more about these IRS developments in this article.
Read MoreW-2 After Death
Employers often make W-2 reporting mistakes after an employee’s death. Learn how to handle post-death payments correctly, including issuing 1099-MISC forms and avoiding tax errors.
Read MoreHighlights of Internal Revenue Bulletin 2024-38...
The IRS Bulletin 2024-38 details new updates on clean electricity credits and accounting methods for research expenditures. Stay informed on these regulations and how they may impact your tax planning.
Read MoreAutomotive Manufacturers’ Sales Incentives
Automotive sales incentives are taxable but not subject to FICA or self-employment tax. Learn how to report them correctly and avoid common mistakes in this article.
Read MoreHighlights of Internal Revenue Bulletin 2024-37...
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.
Read MoreDesignate Support
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...
Read More