Tax School Blog

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

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Tax Day 2024 – Let’s Celebrate with Some History!

Tax Day: The most awaited moment for accountants is here! After months of crunching numbers, it\’s time to unwind and celebrate the end of the tax season with a well-deserved break and discover intriguing facts about this significant day.

May Deadline Approaches for Securing Stimulus Payments from 2020

Most tax practitioners don’t worry about tax deadlines in mid-May. Yes, there’s a deadline for Form 990, Return of Organization Exempt from Income Tax, but not all practitioners prepare those…

Employee vs. Independent Contractor: DOL Issues New Guidance

Is the worker performing services for a business considered an independent contractor or an employee? Misclassifying employees as independent contractors is a crucial issue that poses significant costs to workers…

BOI Reporting Requirements Enforced For Most Despite Constitutional Challenge

Discover how a federal court ruling has put a hold on the Corporate Transparency Act\’s beneficial ownership reporting requirements, impacting over 65,000 businesses. Uncover the constitutional challenge and potential implications for businesses and FinCEN enforcement.

Countdown to ERC Compliance: Voluntary Disclosure Program Deadline March 22

Time is ticking! March 22 marks the crucial deadline for ERC Compliance. Dive into our latest blog, a reprint of IRS Tax Tip reprint (2024-09, Feb. 20, 2024) about this upcoming deadline to participate in the ERC voluntary disclosure program.

S Corp & Partnership Tax Filing Deadlines March 15

A reminder about tax filing deadlines coming up March 15 for S corporations and partnerships, and how to file for extensions if needed.