In less than one week, Americans will vote for our next President. While we won’t make a political endorsement or take a stance on any candidate running, we think it’s important to know the tax plans of both candidates and more importantly, to…
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A Dozen Tips to Prepare for Tax Season
Are you gearing up for tax season yet? You should be! There’s a lot to do in preparation and the holiday season can sometimes get the best of us. Here are a dozen tips to help you prepare for tax season.…
The Private Tax Collectors are Coming
The U.S. Treasury is taking measures to collect on the over $400 billion dollars worth of tax bills out there. To do this, Congress has passed a section of the Fixing America’s Surface Transportation (or FAST) Act that instructs the IRS to use private…
IRS Tax Forum Recap
It has been a busy couple of months for the team at The Income Tax School! We’ve been on the road to exhibit and attend IRS Tax Forums across the country! From Chicago to New Orleans, to Maryland, Orlando, and San Diego…
Accounting Today’s 2016 Top 100 Most Influential People in Accounting
I am excited and honored to announce that I have been named among Accounting Today’s 2016 Top 100 Most Influential People in Accounting. Each year, Accounting Today names the top 100 “thought leaders, visionaries, regulators, and others who are shaping the profession.” This…
How to Protect Your Clients’ Information
As a tax preparer, you are privy to a lot of confidential information – information that could do your clients severe harm if it ended up in the wrong hands. This year, the IRS has been making a lot of changes to…
What is the fate of IRS Commissioner Koskinen?
House Conservatives are trying to force a vote to impeach IRS Commissioner John Koskinen. Action on the motion – if the motion for a vote to impeach is passed – could be delayed until September. Today we find out whether that vote…
Tax Scam Round-up: Know What You’re Up Against
Step aside tax evaders, the IRS has a new criminal in their crosshairs: tax scammers and identity thieves. Don’t think it will happen to you or your clients – or to you? Think again. As of this March 2016, the IRS reported identifying…
Mind Your Manners, Tax Pros: Business Etiquette for Tax Preparers
Tax preparation is more than just numbers, it’s relationship building and customer service. While the entertainment business portrays us as curmudgeons and socially awkward nerds, the reality is if we played those parts in real life, we wouldn’t have any clients! Etiquette is extremely important…
Five Things Tax Preparers Could Learn From the Military
May is National Military Month – a month set aside to honor those who serve: past and present. Military personnel learn a lot throughout their training and experience that we as tax preparers should take note of. Here are five things tax preparers…
Could Tax Preparation Be A Side Hustle?
Have you heard the term “side hustle”? It’s a fairly new phrase that refers to making extra money on the side. Side hustle could be extra money you earn while pursuing your passion or a way to delve into your passion by…
4 Ways to Reach Out to Late Filers
There are all kinds of people in this world … People who jump on to-do items and get them done as soon as possible. People who handle their affairs in a timely manner. People who procrastinate until the absolute very last minute. People…