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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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Tax Bill Impacts Filing Season

Tax Bill Impacts Filing Season

On January 19, 2024, the bipartisan House Ways and Means Committee advanced H.R. 7024, the “Tax Relief for American Families and Workers Act of 2024,” to the House floor by a…
FBAR Failure to File Penalty: Bittner v. U.S.

FBAR Failure to File Penalty: Bittner v. U.S.

The following is a reprint from the 2023 University of Illinois Federal Tax Workbook, Chapter 12: Rulings and Cases. The video is a discussion of the case by instructor Jerry Brune during…
BOI: New Federal Reporting for Small Businesses

BOI: New Federal Reporting for Small Businesses

Guest video blogger, Larry Gray (AGC Solutions), explains the basics of Beneficial Ownership Information (BOI). BOI is issued by the Financial Crimes Enforcement Network (FinCEN). According to BOI, qualifying small…
IRS Introduces Voluntary Disclosure Program for Ineligible ERC Claims

IRS Introduces Voluntary Disclosure Program for Ineligible ERC Claims

Since highlighting the Employee Retention Credit (ERC) on its annual Dirty Dozen list of tax scams, the IRS’ latest measure to help correct an influx of inaccurate credit claims is…
New 2024 Tax Rates and Thresholds

New 2024 Tax Rates and Thresholds

As the 2023 tax filing season begins, practitioners should also keep in mind 2024 tax numbers and rates that will impact their clients for the current year.  The IRS issued these numbers late last year through news releases and publications, of which the highlights are summarized in this blog.
Top 10 Blogs in 2023

Top 10 Blogs in 2023

In case you missed one of the Tax School blogs this year, we decided to do a re-print of the top 10 2023 blogs based on total number of views! We strive to provide timely, relevant, and useable information that can help you in your tax practice. We release new blogs every Monday morning (except on holidays), and if you subscribe to the Tax School blog, we\’ll deliver a notification right to your in-box when a new blog is available.