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

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Employee Retention Credit: Providing Clarity and Examples

Employee Retention Credit: Providing Clarity and Examples

In an effort to answer your more pressing questions regarding ERC, I am offering information which was presented during our 2021 Fall Tax School as well as our topic specific…
The Ethical Dilemma of Dependency with Newly Enacted Tax Benefits

The Ethical Dilemma of Dependency with Newly Enacted Tax Benefits

Tax professionals face ethical dilemmas with each client they meet. In today’s blog we’re going to take you to a video scenario where the age-old question of dependency runs up…
How Do I Handle the Changing Rules for Form 1099-K for Clients?

How Do I Handle the Changing Rules for Form 1099-K for Clients?

The number one question received during 2021 Fall Tax School was “how do I handle the changing rules for Form 1099-K for clients?” Below I’ve outlined some background information and…
RMDs – Round 2

RMDs – Round 2

Welcome back M.O.U.S.E.(rs)! If you don’t know why I’m calling you a M.O.U.S.E, see my blog of November 15. It appears this most recent offering caused a lot of discussions,…
RMD…QCD…M.O.U.S.E.

RMD…QCD…M.O.U.S.E.

RMD… QCD… M.O.U.S.E. Remember that tune?  I want to take this week’s offering to make a M.O.U.S.E. out of each of you! M.O.U.S.E., you say. Why M.O.U.S.E.? In my twisted…
The WOTC Benefits Employers and the Unemployed

The WOTC Benefits Employers and the Unemployed

The WOTC Benefits Employers and the Unemployed When traveling from our beautiful campus here in Urbana Illinois to my local abode, I’ve come to notice people camped out along Interstate…