The Tax Professionals Blog

W-2 After Death

Posted by Lee Reams Sr., BSME, EA on

Learn how to correctly report post-death employee payments per IRS rules to avoid W-2 errors and ensure proper tax treatment.

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Highlights of Internal Revenue Bulletin 2025-13 – 3/24/2025

Posted by Lee Reams Sr., BSME, EA on

This article covers key updates from IRB 2025-13, including tax interest rates, foreign income exclusions, clean hydrogen credits, and U.S.-Swiss tax treaty changes.

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Loss on the Sale of an Inherited Home

Posted by Lee Reams Sr., BSME, EA on

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.

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Cancellation of Debt of a Decedent

Posted by Lee Reams Sr., BSME, EA on

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. 

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Highlights of Internal Revenue Bulletin 2025-12 – 3/11/2025

Posted by Lee Reams Sr., BSME, EA on

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

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