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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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Allocating Marketplace Premiums

Allocating Marketplace Premiums It’s not what you (or I) might think Tom talks through a couple of examples of allocating marketplace premiums within a family. We hope this brief video…

Should Qualified Plan or IRA Distributions be Included on the 2020 Return?

Making the Argument to Include Entire Qualified Plan or IRA Distributions on the 2020 Return. To assist taxpayers financially during the pandemic, Congress enacted several changes to early withdrawal rules…

Recovery Rebate Restlessness

Does Punxsutawney Phil have the Cure for “Recovery Rebate Restlessness” Syndrome? If you are a follower of our weekly blogs or perhaps attended the Get Ready for Filing Season webinar…

Practice Management Tip: Engagement Letters

Practice Management Tip: Get Clients to Sign Engagement Letters Before Preparing Their Returns Let me begin this installment with a little forward-thinking scenario. It’s March of 2021, and you are…

PPP Loan Forgivable for Farmers in 2nd Round

PPP Loan Forgivable for Farmers in 2nd Round Friend of Tax School Larry Gray, CPA, is back again as a guest blogger this week. He has a video sharing exciting…

More New Tax Legislation to Digest

Welcome to 2021…and More New Legislation to Digest While I hope most of you could enjoy some downtime during the holidays, the same can’t be said for Congress. While the…