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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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October 15 Deadline for Extended Individual Filings

October 15 Deadline for Extended Individual Filings

Individual taxpayers who filed for an extension for 2023 income tax returns have just one week left to timely file their returns.  Practitioners assisting such taxpayers making it through this…
Discover What Makes Fall Tax School Unique and Essential

Discover What Makes Fall Tax School Unique and Essential

It’s my favorite time of year – harvest is underway, autumn brings cooler weather and changing leaves, and Fall Tax School is just around the corner. So, I thought I’d…
Applying the Updated WISP Requirements

Applying the Updated WISP Requirements

The requirement for tax preparation firms to have a written information security plan, or WISP, is not new. The requirement arose from the Graham-Leach-Bliley Act (GLBA), enacted 25 years ago….
Unpacking the §45Z Clean Fuel Production Credit

Unpacking the §45Z Clean Fuel Production Credit

Because of tax credits created by the Inflation Reduction Act (IRA) for clean fuel production, some farmers may in the near future receive a higher price for selling crops to renewable fuel…
September 16 Deadline for Extended Pass-Through Filings

September 16 Deadline for Extended Pass-Through Filings

Pass-through entities such as S corporations and partnerships with a calendar-year-end face an upcoming extended tax filing deadline on September 16, 2024. Although the six-month extension may seem generous, many…
ERC Voluntary Disclosure Program Reopened with Updated Terms

ERC Voluntary Disclosure Program Reopened with Updated Terms

The ERC Voluntary Disclosure Program has reopened until November 22, 2024.