The Tax Professionals Blog
Gain Attributable to Nonqualified Periods
Sales starting in 2009 allocate gain to nonqualified use periods, such as rentals or vacation use. Nonqualified use reduces the exclusion amount. Learn how this impacts your home sale gain.
Read MoreHighlights of the Internal Revenue Bulletin 202...
Final regulations address excise tax on designated drugs, updates on corporate bond yields, and proposed rules for clean electricity credits. Get the full details in IRS Bulletin 2024-32.
Read MoreHome Office Method Considerations
Explore the Regular vs. Simplified Method for home office deductions under IRC Sec 280A. Compare their impacts on deductions, reporting, and tax benefits to choose the best option for you.
Read More2024 CTEC CRTP CPE Requirements
California tax preparers must register with CTEC unless exempt (CPAs, EAs, attorneys). Read more to see why registration matters for compliance and quality service.
Read More2024 EA CPE Requirements
Enrolled Agents (EAs) play a crucial role in tax preparation and representation, and maintaining certification requires staying up-to-date with continuing education.
Read MoreDeductible Expenses for Various Uses of Real Pr...
Explore deductible expenses for different property uses, including personal, rental, business, and investment. Learn how mortgage interest, property taxes, and maintenance costs can reduce your taxable income.
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