Tax School Blog

Welcome to the U of I Tax School blog – where you’ll find current, relevant, and actionable information for your practice (and have some fun doing it).

The U of I Tax School blog is written by tax professionals for tax professionals.

Subscribe to Blog

Recovery Rebates: I’ve Got a Song Ain’t Got No Melody?

Recovery Rebates: I’ve Got a Song Ain’t Got No Melody? I’ll start out today with apologies to Billy Preston. Be patient while I explain why Billy Preston is my guest…

A Lesson in Applying All the New Laws Enacted During the Pandemic

A Lesson in Applying All the New Laws Enacted During the Pandemic In working on our upcoming Fall Tax School program, I recently found myself in a position we hope…

Does Your Client Really Need a Trust?

Does Your Client Really Need a Trust? Before I begin this discussion be reminded that I am not an attorney, and my conversation today is not designed to provide legal…

Reasonable Compensation for Subchapter S Corporation Shareholders

The Issue of Reasonable Compensation for Subchapter S Corporation Shareholders is once again Coming to the Forefront. You’ve heard the discussion ad nauseum about S corporations and reasonable compensation, but…

How Long Can You Deduct Standard Mileage on the Same Vehicle?

How Long Can You Deduct Standard Mileage on the Same Vehicle? To get in the right frame of mind for this blog, we recommend listening to I’m in Love with…

Practice Management: Thinning the Ranks

Practice Management: Thinning the Ranks If you are like me, you’ve been building your business for many years. Possibly even decades. Early on your mantra was likely “the more the…