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.

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Tax Amnesty Program for Illinois taxpayers and preparers

Tax Amnesty Program for Illinois taxpayers and preparers I-L-L-I-N-I (ois) News Break! This week’s offering is directed specifically to Illinois taxpayers and the preparers who love them. Attention all Illinois…

Self-employed health insurance deduction

Self-employed health insurance deduction It seems like we’re getting a lot of questions both at our live seminars and via our Facebook group regarding the self-employed health insurance deduction. So, this…

Uh-Oh, I Forgot to File (or Filed Late) My Partnership or Subchapter S Corporation Return!

Uh-Oh, I Forgot to File (or Filed Late) My Partnership or Subchapter S Corporation Return! The IRS late filing penalties start the first day after the return is due. So…

Let’s talk about Qualified Charitable Distributions.

Let’s talk about Qualified Charitable Distributions. If I could show you a way for your ‘older’ clients to take money from their IRAs and not pay tax, would it be…

Your next stop…the Q Zone!

Your next stop…the Q Zone! You’re traveling through another dimension, a dimension not only of sight and sound but of tax. A journey into a wondrous land whose boundaries are…

Clearing up QBID Confusion

Clearing up QBID Confusion Confused by the qualified business income deduction (QBID)? Well, if you weren’t confused enough already, there is another potential minefield that you may want to try…