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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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More New Tax Legislation to Digest

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…
Tax Pro Spotlight: Elizabeth Stock

Tax Pro Spotlight: Elizabeth Stock

Tax Pro Spotlight: Elizabeth Stock From time to time, we like to shine a spotlight on a tax professional who is active in the Tax School community. Meet Elizabeth! Hi,…
2020 Year-End Tax Planning

2020 Year-End Tax Planning

2020 Year-End Tax Planning: Walking into the Great Abyss? 2020 is likely turning out to be a year we will never forget. Even though we might wish to forget it,…
Identity Protection PINs Available to All Taxpayers (in January)

Identity Protection PINs Available to All Taxpayers (in January)

On December 2, the IRS announced it will allow all taxpayers who desire an Identity Protection PIN (IP PIN) the opportunity to obtain one. This IRS decision is regardless of…
FFCRA Sick Leave Credits Explained

FFCRA Sick Leave Credits Explained

FFCRA Sick Leave Credits Explained The Families First Coronavirus Response Act (FFCRA) provides paid sick leave, free COVID testing, expanded food assistance and unemployment benefits, and increased Medicaid funding. It…
Are Expenses Paid with Forgiven PPP Loan Proceeds Tax Deductible?

Are Expenses Paid with Forgiven PPP Loan Proceeds Tax Deductible?

Year-End planning hits a brick wall of congressional inaction. Are expenses paid with forgiven PPP loan proceeds tax deductible or not? See update to post from January 12, 2021 below….