Tax School Blog

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

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Student Loan Interest and Taxes

Student Loan Interest and Taxes The federal government recognizes the financial burden that higher education and related student loans can place on borrowers. To address this, the IRS offers certain…

Last Warning… Extension Deadline is Friday

Last Warning… Extension Deadline is Friday Over the past several weeks I’ve been providing last minute planning ideas for your 2020 returns on extension. Today I will concentrate on the…

Filing 2020 Returns: Help for Clients Who Took Early Distributions from IRAs or Qualified Plans

Filing 2020 Returns: Help for Clients Who Took Early Distributions from IRAs or Qualified Plans This week’s entry is a continuation of my effort to provide you with some last-minute…

2020 Net Operating Losses – Days of Future Past?

2020 Net Operating Losses – Days of Future Past? For the many thousands of you (ok, you know who you are), who follow my weekly offerings, you likely have noticed…

Recovery Rebates: I’ve Got a Song Ain’t Got No Melody?

Recovery Rebates: I’ve Got a Song Ain’t Got No Melody? I’ll start out today with apologies to Billy Preston. Be patient while I explain why Billy Preston is my guest…

A Lesson in Applying All the New Laws Enacted During the Pandemic

A Lesson in Applying All the New Laws Enacted During the Pandemic In working on our upcoming Fall Tax School program, I recently found myself in a position we hope…