Tax School Blog

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

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10 Reminders for 2024 Tax Filing Season

As the 2024 tax filing season progresses, staying informed about the latest changes and updates is crucial for preparing accurate and compliant tax returns. This year brings several significant adjustments…

BOI Reporting Updates

3/21/25 Update: FinCEN announced March 21 that, in line with the Treasury Department’s March 2, 2025, update, they’re issuing an interim final rule that removes the requirement for U.S. companies…

Illinois Tax Issues & Updates 2025 – Questions Answered

The University of Illinois Tax School held a webinar on January 28 on Illinois Tax Issues & Updates. The instructor put together answers to questions submitted during the webinar as…

How to Implement AI Into a Tax Practice (Tips and Tricks)

Discover how to integrate AI into your tax practice effectively. From identifying workflow pain points to ensuring data quality and ethical compliance, this guide covers essential steps for adopting AI in the tax industry.

Illinois Gives Tax Credit Act and the Social Security Fairness Act

Learn about the Illinois Gives Tax Credit Act, offering a 25% state tax credit for contributions to approved endowment funds, and the Social Security Fairness Act, which increases benefits for retirees impacted by WEP and GPO.

Top 10 Blogs in 2024

If you missed any of the Tax School blogs this year, we are bringing back the top 10 blogs from 2024, ranked by total views! We aim to share timely, relevant, and practical information to support your tax practice.