September 23, 2024 · Lee Reams Sr., BSME, EA

Highlights of Internal Revenue Bulletin 2024-39 – 9/23/2024

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 ...

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September 18, 2024 · Lee Reams Sr., BSME, EA

W-2 After Death

Employers often make W-2 reporting mistakes after an employee’s death. Learn how to handle post-death payments correctly, including issu...

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September 16, 2024 · Lee Reams Sr., BSME, EA

Highlights of Internal Revenue Bulletin 2024-38 – 9/16/2024

The IRS Bulletin 2024-38 details new updates on clean electricity credits and accounting methods for research expenditures. Stay informe...

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September 11, 2024 · Lee Reams Sr., BSME, EA

Automotive 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 com...

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September 09, 2024 · Lee Reams Sr., BSME, EA

Highlights of Internal Revenue Bulletin 2024-37 – 9/9/2024

Discover the IRS's updated interest rates for Q4 2024, including overpayments, underpayments, and large corporate rates. Stay compliant ...

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September 04, 2024 · Lee Reams Sr., BSME, EA

Designate Support

Learn how taxpayers supporting their parents can designate support to meet IRS rules, qualify for tax benefits like the head of househol...

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