The Tax Professionals Blog

Inherited a home and sold it at a loss? Depending on how you used the property, you may be able to deduct the loss. Learn the key tax rules and how to maximize your deduction.

Did you know COD income after a taxpayer’s death is taxable to the estate? Learn how insolvency exclusions work and when beneficiaries may be held liable. 

IRS Bulletin 2025-12 finalizes clean energy tax credit rules! Learn about § 45Y & § 48E, emissions rates & eligibility updates under the Inflation Reduction Act.

IRS Bulletin 2025-11 is here. Updates include tax Appeals rules, excise tax changes, and 2025 depreciation limits.

Are surrogacy fees taxable? We break down the IRS stance on income reporting, self-employment tax, and deductions for both surrogates and parents. Learn more about surrogacy tax treatment.