The Tax Professionals Blog
Financial Disability
Posted by Lee Reams Sr., BSME, EA on

Financial disability can extend tax refund deadlines if a taxpayer is unable to manage finances due to a severe impairment. Learn more about eligibility and key rules.
Highlights of Internal Revenue Bulletin 2025-9 – 2/24/2025
Posted by Lee Reams Sr., BSME, EA on

Key updates from Internal Revenue Bulletin 2025-9, including estate and gift tax guidance, corporate tax rules, and micro-captive transaction regulations.
Self-Employed Health Insurance Deduction Explained
Posted by Lee Reams Sr., BSME, EA on

Learn how self-employed individuals, partners, and S-corp shareholders can deduct health insurance premiums under IRS rules. Find out eligibility details.
Highlights of Internal Revenue Bulletin 2025-8 – 2/18/2025
Posted by Lee Reams Sr., BSME, EA on

In this release: Key IRS rulings, retirement plan updates under SECURE 2.0, tax notices, and digital content classification. Learn more about the latest changes from IRB 2025-8.
Mandatory 401k Roth Contributions Under the SECURE 2.0 Act
Posted by Lee Reams Sr., BSME, EA on

In this release, learn about key SECURE 2.0 Act changes to 401(k) catch-up contributions, including increased limits for ages 60-63 and Roth requirements for high earners