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.
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.
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.
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.
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.