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Tax School Blog

Practical tax insights for working tax professionals.
Written by tax professionals for the University of Illinois.

Federal Tax Updates | Business Tax Issues | Individual Tax Topics | IRS Operations | Practice Management | State & Local Tax | Tax School News

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Allowable Deductions for Trusts

Allowable Deductions for Trusts

Allowable Deductions for Trusts “I don’t always ask questions about trusts or estates, but when I do, I ask the Tax School…” We’re coming to you today as a follow…
New Form 941 Worksheet 1: A Step-by-Step Guide

New Form 941 Worksheet 1: A Step-by-Step Guide

New Form 941 Worksheet 1: A Step-by-Step Guide In last week’s blog post, Larry Gray discussed the newly released Form 941 Payroll Tax Form for 2020. In the below video,…
New Form 941 Requirements

New Form 941 Requirements

New Form 941 Requirements The IRS has released the new Form 941 Payroll Tax Form for 2020, which must be used beginning the second quarter of 2020. There are 18…
RMD Rollover Extended to August 31, 2020

RMD Rollover Extended to August 31, 2020

RMD Rollover Extended to August 31, 2020 Get Back, Get Back, Get Back to Where You Once Belonged…Get Back IRA… IRS announces any individuals who took required minimum distributions (RMDs)…
Two Weeks To Go Before July 15 Deadline!

Two Weeks To Go Before July 15 Deadline!

Two Weeks until July 15 Deadline As we flip the calendar onto another month, you might just find yourself realizing the July 15 deadline is only 15 days away!  Remember…
The Top 7 Estate Planning Objectives

The Top 7 Estate Planning Objectives

The Top 7 Estate Planning Objectives We are excited to have a guest blogger for this week. Jeff Miller is a wonderful member of our private Facebook group and is…