A federal court injunction has suspended beneficial ownership information (BOI) reporting requirements nationwide, leaving businesses temporarily exempt from filing. Discover what this means for compliance, the ongoing litigation, and how the Corporate Transparency Act continues to shape U.S. financial protections.
University of Illinois Tax School
Professional Training and Coaching
Urbana, IL 254 followers
University of Illinois Tax School: Providing continuing education for tax pros throughout Illinois and nationwide.
About us
The University of Illinois Tax School provides high quality, low cost professional tax education and materials to tax professionals. As an accredited sponsor of continuing professional education (CPE), The Tax School awards industry-specific CPE credits to CPAs, EAs, CFPs, IL insurance professionals and IL attorneys. Approximately 6,000 tax professionals attend the University of Illinois Tax School seminars every year to meet their annual CPE needs. For over 75 years, the Tax School has offered the annual Fall Tax School seminar, a professional tax seminar that is affordable, is taught by expert tax practitioners, and covers content that is important to tax professionals and their clients. The Tax School also offers topic-specific seminars and webinars based on participants' expressed educational needs. The Tax School annually publishes the nationally recognized Federal Tax Workbook. These workbooks are used in tax continuing education programs held in 25 states around the country.
- Website
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http://www.TaxSchool.illinois.edu
External link for University of Illinois Tax School
- Industry
- Professional Training and Coaching
- Company size
- 2-10 employees
- Headquarters
- Urbana, IL
- Type
- Educational
- Founded
- 1940
- Specialties
- Tax education, Tax CPE, Tax materials, and Tax seminars
Locations
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Primary
Get directions
412 Mumford Hall, MC-710
1301 W Gregory Drive
Urbana, IL 61801, US
Employees at University of Illinois Tax School
Updates
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The University of Illinois Tax School seeks a dedicated Tax Materials Specialist to join our editorial team! If you’re passionate about research, writing, and impacting the world of tax education, we’d love to hear from you! Applications are open until January 13. https://uofi.tax/jobs
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Reviewing the rules for gifts and charitable giving is important as the end of the year approaches. This week's blog will teach you about qualifying organizations, deduction limits, AGI caps, and donation deadlines to help clients maximize their tax benefits.
Understanding End-of-Year Gifts and Charitable Giving
https://taxschool.illinois.edu
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Stay updated on the evolving IRS Form 1099-K reporting thresholds. Learn about the 2024 $5,000 limit, the 2025 transition to $2,500, and the $600 threshold effective 2026. Explore penalty relief details and compliance tips for tax professionals.
IRS Clarifies Form 1099-K Filing Requirements Starting in 2024
https://taxschool.illinois.edu
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Week two of Fall Tax School kicked off today, and we've been thrilled to receive so many positive comments from attendees. There's still time to register for the sessions on December 3, 4, 5, and 6. Earn up to 18 CPE credits, receive the newest edition of the Federal Tax Workbook, and gain FREE access to the Ag Issues & Rural Investments webinar on Dec. 11 or 12. https://uofi.tax/fall
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Explore tax essentials for self-employed ministers, including what counts as self-employment income, deductible expenses, and IRS exemption criteria for self-employment tax.
Self-employed Ministers and Taxes: Income, Deductions, Exemptions
https://taxschool.illinois.edu
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At Fall Tax School, we’ll explore updates on small business retirement plans and opportunities introduced by SECURE 2.0, including changes to SIMPLE and SEP IRAs, 401(k) contributions, tax credits for small businesses, and new options for employers to support their employees. Sessions are available through Dec. 6. https://lnkd.in/gdxU23hG
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At Fall Tax School, we’ll explore penalty-free retirement fund access for disaster recovery, including qualifying amounts and tax reporting requirements. Sessions are available through Dec. 6. https://lnkd.in/gdxU23hG
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At Fall Tax School, we’re breaking down the latest IRS guidance on inherited IRAs, including basis rules and RMDs for beneficiaries like spouses, minors, and disabled individuals. Sessions are available through Dec. 6. https://lnkd.in/gdxU23hG
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At Fall Tax School, instructors will dive deep into BOI reporting updates. They’ll cover who must report, what information is required, and the filing deadlines you need to know. Join us for half or full-day sessions starting Nov. 19. https://lnkd.in/gdxU23hG.
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