Highlights of Internal Revenue Bulletin 2024-45 – 11/4/2024
Explore IRS Bulletin 2024-45 for updates on 2025 inflation adjustments, retirement plan overpayment rules, Form 990-T extensions, SAF cr...
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The Tax Professionals Blog · 446 articles
Time-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 ex...
Read moreHighlights of Internal Revenue Bulletin 2024-44 – 10/28/2024
Learn about IRS Bulletin 2024-44 updates, including HDHP preventive care expansions, new tax classification rules for Tribal entities, a...
Read moreEquitable Ownership
Can you deduct mortgage interest without being legally liable for the loan? Learn how equitable ownership might allow you to claim deduc...
Read moreHighlights of Internal Revenue Bulletin 2024-43 – 10/21/2024
Explore IRS Bulletin 2024-43’s highlights: updates on long-term part-time employee rules for 403(b) plans, drought-related tax relief, a...
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 h...
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