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U of I Tax School

Tax School Blog

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

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

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BOI Reporting Updates

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

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)

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

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

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.
Understanding End-of-Year Gifts and Charitable Giving

Understanding End-of-Year Gifts and Charitable Giving

The end of the year is filled with joy, generosity, and tax planning. As we approach year-end, it’s important to be aware of charitable giving rules and regulations to properly…