Highlights of the Internal Revenue Bulletin 2024-31 - 7/29/2024
IRS Bulletin 2024-31 highlights key updates including proposed regulations on credit/debit card payments, new reporting rules for digita...
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The Tax Professionals Blog · 446 articles
Completed Gift v. De Facto Life Estate
When transferring a home, the tax impact varies if it’s a completed gift or a de facto life estate. This article covers the implications...
Read moreHighlights of the Internal Revenue Bulletin 2024-30 - 7/22/2024
IRS Bulletin 2024-30 highlights updates including new specs for information returns, percentage depletion for marginal properties, and f...
Read moreGifting vs. Inheritance
Understanding the tax implications of transferring property as a gift or inheritance is crucial. This article explains the basis concept...
Read moreHighlights of Internal Revenue Bulletin 2024-28 - 7/15/2024
IRS Bulletin No. 2024-29 highlights key updates for tax professionals, including transitional relief for brokers handling digital assets...
Read moreGambling Gotchas
There are far more tax issues related to gambling than one might expect, and they may impact taxes in more ways than one might believe. ...
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