Blog Post

IRS Introduces Voluntary Disclosure Program for Ineligible ERC Claims

Since highlighting the Employee Retention Credit (ERC) on its annual Dirty Dozen list of tax scams, the IRS’ latest measure to help correct an influx of inaccurate credit claims is…

New 2024 Tax Rates and Thresholds

As the 2023 tax filing season begins, practitioners should also keep in mind 2024 tax numbers and rates that will impact their clients for the current year. The IRS issued these numbers late last year through news releases and publications, of which the highlights are summarized in this blog.

Top 10 Blogs in 2023

In case you missed one of the Tax School blogs this year, we decided to do a re-print of the top 10 2023 blogs based on total number of views! We strive to provide timely, relevant, and useable information that can help you in your tax practice. We release new blogs every Monday morning (except on holidays), and if you subscribe to the Tax School blog, we\’ll deliver a notification right to your in-box when a new blog is available.

Honoring Rich Walden – Over 40 Years of Service

Dear Tax School Family, Today, it is both an honor and a bittersweet moment for us as we bid farewell to a true icon in the Tax School world. After…

IRS Delays Implementation of 1099-K Filing Changes to Calendar Year 2024

Read about the latest update from the IRS in News Release 2023-221, revealing a one-year delay in the planned changes for 1099-K reporting thresholds.

How To Handle Pre-paid Farm Expenses When a Farmer Dies

If the death of a taxpayer brings many complications associated with the decedent’s estate, the executors of deceased farmers must contend with a bumper crop of tax issues. While income…