Tax School Blog

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

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Does Your Client Really Need a Trust?

Does Your Client Really Need a Trust? Before I begin this discussion be reminded that I am not an attorney, and my conversation today is not designed to provide legal…

Reasonable Compensation for Subchapter S Corporation Shareholders

The Issue of Reasonable Compensation for Subchapter S Corporation Shareholders is once again Coming to the Forefront. You’ve heard the discussion ad nauseum about S corporations and reasonable compensation, but…

How Long Can You Deduct Standard Mileage on the Same Vehicle?

How Long Can You Deduct Standard Mileage on the Same Vehicle? To get in the right frame of mind for this blog, we recommend listening to I’m in Love with…

Practice Management: Thinning the Ranks

Practice Management: Thinning the Ranks If you are like me, you’ve been building your business for many years. Possibly even decades. Early on your mantra was likely “the more the…

Welcome to the Dog Days of Summer

Welcome to the Dog Days of Summer Who let this dog out? After a two month hiatus to concentrate on our fall Tax School materials, your erstwhile blogger has returned!…

Recovering Costs in Tax Litigation

Recovering Costs in Tax Litigation Taxpayers under audit with the IRS who find themselves in court may find the potential litigation and administrative costs problematic. Knowing when a taxpayer may…