The Tax Professionals Blog

Lee Reams Sr., BSME, EA

General Welfare Exclusion

Some government payments aren’t taxable under the General Welfare Exclusion. Learn how this rule helps reduce taxable income and supports financial well-being.

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Lee Reams Sr., BSME, EA

Highlights of Internal Revenue Bulletin 2025-43...

IRS Bulletin 2025-43 is out! Get updates on Corporate AMT guidance, excise tax deposit relief, rural area definitions, housing credit regs, and Israel relief extensions.

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Lee Reams Sr., BSME, EA

Lemon Law

Tax pros: Lemon Law settlements can trigger complex tax issues. Learn how to separate taxable from non-taxable proceeds, handle legal fees, and adjust deductions or EV credits accurately.

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Lee Reams Sr., BSME, EA

Highlights of Internal Revenue Bulletin 2025-42...

IRS Bulletin 2025-42: PTIN user fee reduced to $10, new rules proposed for qualified tips, withdrawn corporate reorganization regulations, and updated Section 355 private ruling procedures.

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Lee Reams Sr., BSME, EA

Tax Opportunities to Pay Off Student Loans

Paying off student loans? Learn how 529 plans, employer-paid benefits, and new OBBBA provisions can help you manage debt and maximize tax savings while repaying student loans.

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Lee Reams Sr., BSME, EA

Highlights of Internal Revenue Bulletin 2025-41...

This week’s IRS Bulletin 2025-41 covers 2025–2026 per diem rates, new excise taxes on chemical substances, drought relief extensions, and updated federal and aircraft valuation rates.

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