Enrolled Agents (EAs) play a crucial role in tax preparation and representation, and maintaining certification requires staying up-to-date with continuing education.
Explore deductible expenses for different property uses, including personal, rental, business, and investment. Learn how mortgage interest, property taxes, and maintenance costs can reduce your taxable income.
IRS Bulletin 2024-31 highlights key updates including proposed regulations on credit/debit card payments, new reporting rules for digital assets, and changes to overpayment interest recovery and asset allocation.
When transferring a home, the tax impact varies if it’s a completed gift or a de facto life estate. This article covers the implications for both scenarios, including Section 121 exclusions and basis adjustments.
IRS Bulletin 2024-30 highlights updates including new specs for information returns, percentage depletion for marginal properties, and final regulations on conservation contribution deductions and accounting methods.
