The Tax Professionals Blog
Restricted Stock Under Sec 83
Posted by Lee Reams Sr., BSME, EA on
In this article, learn about restricted stock under Sec 83, the benefits of a Sec 83(b) election, and the IRS's new Form 15620 for filing elections on time and correctly.
Highlights of Internal Revenue Bulletin 2025-4 – 1/20/2025
Posted by Lee Reams Sr., BSME, EA on
In the latest IRS release, discover rulings on digital assets, employment tax, premium tax credits, clean electricity investment, and more. Learn how these updates may impact you.
Medicaid Waiver Payments
Posted by Lee Reams Sr., BSME, EA on
Did you know Medicaid waiver payments can still count as earned income for EITC and ACTC? Learn how the Feigh case and IRS guidance affect your taxes and potential refunds.
Highlights of Internal Revenue Bulletin 2025-3 – 1/14/2025
Posted by Lee Reams Sr., BSME, EA on
Stay updated with IRS rulings, notices, and Treasury decisions for 2025, including BOI reporting, employee plans, income tax changes, and mileage rates.
MACRS-QUICK LIFE CHART
Posted by Lee Reams Sr., BSME, EA on
In this release, learn more about the MACRS Quick Life Chart, a helpful guide for asset class lives frequently encountered in tax prep. Reference key IRS Revenue Procedures for added clarity.