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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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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…
Excluded Debt Forgiveness Bites Back Earlier than Expected

Excluded Debt Forgiveness Bites Back Earlier than Expected

Excluded Debt Forgiveness Bites Back Earlier than Expected Now that the tax extension deadline is behind us, we can focus on sharpening the saw, figuratively speaking. It’s not often that…
Social Security 2022 Fact Sheet

Social Security 2022 Fact Sheet

Social Security 2022 Fact Sheet On October 13, The Social Security Administration released its 2022 fact sheet. Let’s look at some of the important provisions to consider when planning with…
Student Loan Interest and Taxes

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…