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Tax School Blog

Practical tax insights for working tax professionals.
Written by tax professionals for CPAs, EAs, and tax preparers.

Federal Tax Updates | Business Tax Issues | Individual Tax Topics | IRS Operations | Practice Management | State & Local Tax | Tax School News

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What’s That Presidential Election Campaign Fund Checkbox On Your Tax Return?

What’s That Presidential Election Campaign Fund Checkbox On Your Tax Return?

What happens when taxpayers check the Presidential Election Campaign Fund box on Form 1040? Explore the $3 designation, its history, and how the money has been used—all without changing a taxpayer’s tax or refund.
Whip Your WISP Into Shape

Whip Your WISP Into Shape

An outdated written information security plan (WISP) can leave your tax practice unprepared for a data breach. Review the requirements, key safeguards, and practical steps to help protect client information and keep your plan current.
More Than 60 Million Children Automatically Enrolled in Trump Accounts

More Than 60 Million Children Automatically Enrolled in Trump Accounts

More than 60 million children have been automatically enrolled in Trump Accounts, but enrollment is only the beginning. Learn how claiming an account, electing the $1,000 contribution, and making additional contributions fit together.
How to Get the Most Out of Fall Tax School

How to Get the Most Out of Fall Tax School

A little preparation can help you get more out of Fall Tax School. Find practical tips for reviewing the agenda, asking questions, connecting topics to your clients, and putting what you learn to work.
GAO Report on IRS Use of AI

GAO Report on IRS Use of AI

As the IRS expands its use of artificial intelligence, a GAO report highlights gaps in staffing, inventory information, and oversight. Here’s what tax practitioners should know about the findings and potential effects on clients.
Five Client Conversations Every Tax Practitioner Should Have Before Year-End

Five Client Conversations Every Tax Practitioner Should Have Before Year-End

A third-quarter client check-in can uncover life changes, income issues, filing status considerations, tax-saving opportunities, and business concerns while there is still time to act.