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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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Tax Preparer Penalties: Who, me??

Tax Preparer Penalties: Who, me??

Tax Preparer Penalties: Who, me?? My Client Wouldn’t Listen to My Advice and Now IRS Wants to Penalize Me?!? I told my client every year when he came in for…
Is Your Client’s Activity a Hobby or a Business?

Is Your Client’s Activity a Hobby or a Business?

Is Your Client’s Activity a Hobby or a Business? Pick a Little Talk a Little Pick a Little Talk a Little… …Cheep cheep cheep talk a lot pick a little…
Let’s talk about your data security plan

Let’s talk about your data security plan

Let’s talk about your data security plan News Flash! Tax Professional Thinks He Sees His Shadow, but it’s the IRS… Don’t be Punxsutawney Phil when it comes to potential identity…
Prepare for Filing Season

Prepare for Filing Season

Here Comes the 2020 Filing Season. Are you ready? For better or worse, the 2020 filing season is upon us. While you are gearing up now for the deluge that…
2019 Year-End Tax Planning

2019 Year-End Tax Planning

2019 Year-End Tax Planning Tom O’Saben, EA, talks us through some year-end considerations as we zoom closer to 2020. Join us for the next 10 minutes as he touches on…
Noncash Charitable Contributions: What You Need to Know

Noncash Charitable Contributions: What You Need to Know

Noncash Charitable Contributions: What You Need to Know It’s the Most Wonderful Time of the Year Part 2 of a Year-end Series While the holiday season can be a source…