The Tax Professionals Blog
Medicaid Waiver Payments
Posted by Lee Reams Sr., BSME, EA on
Did you know Medicaid waiver payments can still count as earned income for EITC and ACTC? Learn how the Feigh case and IRS guidance affect your taxes and potential refunds.
Highlights of Internal Revenue Bulletin 2025-3 – 1/14/2025
Posted by Lee Reams Sr., BSME, EA on
Stay updated with IRS rulings, notices, and Treasury decisions for 2025, including BOI reporting, employee plans, income tax changes, and mileage rates.
MACRS-QUICK LIFE CHART
Posted by Lee Reams Sr., BSME, EA on
In this release, learn more about the MACRS Quick Life Chart, a helpful guide for asset class lives frequently encountered in tax prep. Reference key IRS Revenue Procedures for added clarity.
Highlights of Internal Revenue Bulletin 2025-2 – 1/6/2025
Posted by Lee Reams Sr., BSME, EA on
In IRS Bulletin 2025-2, learn about RMD regulation updates, corrections to prior announcements, and key income tax clarifications. Essential insights for tax professionals.
Homeowner Association Dues
Posted by Lee Reams Sr., BSME, EA on
