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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 Does “Like-Kind” Really Mean Anyway?

What Does “Like-Kind” Really Mean Anyway?

This question was recently raised in the University of Illinois Tax School Facebook Group and addressed in the September 29, 2022, agriculture update webinar entitled New Twists on Tax Strategies…
Thanksgiving Thoughts from Tax Pros

Thanksgiving Thoughts from Tax Pros

Happy Thanksgiving, tax pros! Before we stuff ourselves with all manner of feast food (remember, Illinois is still the reigning producer of pumpkins, so really, each piece of pumpkin pie…
International Taxation Issues Affecting Military Returns

International Taxation Issues Affecting Military Returns

From all of us at Tax School, we want to wish all who have served a very happy Veterans Day. For those of you with clients currently serving in any…
Rules for Churches and 501(c)(3) Organizations

Rules for Churches and 501(c)(3) Organizations

The November 8 general election has been a keen focus for many organizations trying to be heard above the cacophony of political voices. Although exempt organizations have a special place…
The Identity (Theft) Mash

The Identity (Theft) Mash

Since today is Halloween, we thought it timely to republish this blog post. Be sure and read it to the tune of Bobby Pickett’s “The Monster Mash” (or hit play…
Fraudulent Text Messages Impersonating The IRS

Fraudulent Text Messages Impersonating The IRS

We at the University of Illinois Tax School want to make tax practitioners in our community aware of a nasty scam that is gaining in popularity. Perhaps you have already…