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…
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…
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.
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.
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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.
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…