Tax School Blog

Practical tax insights for working tax professionals.
Written by tax professionals for CPAs, EAs, and tax preparers.

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New Draft Form 1040 & Form 1040-SR

New Draft Form 1040 & Form 1040-SR New draft forms are here we say—doo dah doo dah How do you think the final versions will play? Oh doo dah day…

Ask the Expert: So you want to be an expert witness

Ask the Expert: So you want to be an expert witness “You pay for advice – it’s time you learned to take some.” -Perry Mason In response to a Facebook question…

Tax Amnesty Program for Illinois taxpayers and preparers

Tax Amnesty Program for Illinois taxpayers and preparers I-L-L-I-N-I (ois) News Break! This week’s offering is directed specifically to Illinois taxpayers and the preparers who love them. Attention all Illinois…

Self-employed health insurance deduction

Self-employed health insurance deduction It seems like we’re getting a lot of questions both at our live seminars and via our Facebook group regarding the self-employed health insurance deduction. So, this…

Uh-Oh, I Forgot to File (or Filed Late) My Partnership or Subchapter S Corporation Return!

Uh-Oh, I Forgot to File (or Filed Late) My Partnership or Subchapter S Corporation Return! The IRS late filing penalties start the first day after the return is due. So…

Let’s talk about Qualified Charitable Distributions.

Let’s talk about Qualified Charitable Distributions. If I could show you a way for your ‘older’ clients to take money from their IRAs and not pay tax, would it be…