The Tax Professionals Blog
Accountable Plans: Key Rules and Tax Benefits
Accountable Plans can cut taxes for employers and employees by allowing non-taxable reimbursements. Learn the rules, IRS requirements, and what must be included in a compliant plan.
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Highlights of Internal Revenue Bulletin 2026-2 ...
IRB 2026-02 highlights updated IRS guidance on estimated tax relief, HSA changes, employee plan rates, PFML transition rules, and new state election procedures.
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Lavish and Extravagant
Navigating the intricacies of tax deductions can be complex, especially when it comes to determining what constitutes "lavish and extravagant" expenses. These terms often arise in discussions about business expenses,...
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Highlights of Internal Revenue Bulletin 2026-1 ...
IRB 2026-1 brings updated IRS procedures for rulings, technical advice, employee plans, and exempt organization determinations. Key changes summarized for quick review.
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Component Depreciation
Component depreciation is a method that allows businesses to separate individual components or systems within a property and depreciate them over their specific useful lives, rather than depreciating the entire...
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Highlights of Internal Revenue Bulletin 2025-52...
This week’s highlights include IRS updates from IRB 2025-52: employee plan amendments, Trump account guidance, and new rules tied to the One Big Beautiful Bill Act. Learn more inside.
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