The Tax Professionals Blog
Highlights of Internal Revenue Bulletin 2024-28...
IRS Bulletin No. 2024-28 highlights key updates for tax professionals, including revocation of certain 501(c)(3) statuses, SECURE 2.0 Act guidance, proposed regulations on basis adjustments, and new federal rates for...
Read MoreHighlights of Internal Revenue Bulletin 2024-27...
IRS Bulletin 2024-27 covers CAMT tax relief, corporate bond yield rates, revokes Daystar Public Radio's 501(c)(3) status, partially suspends the U.S.-Russia tax treaty, sets marginal well credit rates, and updates...
Read MoreCredit For Energy Efficient Home Modifications
Learn about the Energy Efficient Home Modifications credit, valid from 2023 to 2032. This nonrefundable credit applies to various home improvements, including insulation, windows, and energy-efficient appliances.
Read MoreHighlights of Internal Revenue Bulletin 2024-26...
Discover key updates from IRS Bulletin 2024-26, including changes in excise and income tax regulations. Highlights cover new taxable substances, disaster relief, clean energy credits, and more. Stay informed with...
Read MoreBreaking News: The IRS Has Just Updated Their P...
The IRS announces updates on ERC claims, denying high-risk ones and processing low-risk ones. Learn about the criteria, refund timelines, and voluntary withdrawal program in IR-2024-169.
Read MoreThe Consequences of Filing Married Separately
Filing Married Separate can result in unexpected and unfavorable tax consequences. This article highlights common issues married taxpayers face when choosing this status over filing jointly.
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