University of Illinois Tax School

05/22/2026

What’s the hardest part of disengaging from a client professionally?

Watch this short video from Tax Materials Specialist Kim Tipsord and share your experience below.

At some point, every practitioner has to let a client go — whether it’s due to nonpayment, communication issues, scope creep, or ongoing compliance concerns.

Kim previews an upcoming University of Illinois Tax School blog on why having a disengagement plan matters and what practitioners should think through before ending a client relationship.

05/20/2026

When Is It Time to Let a Client Go?

Every practitioner eventually has a client they need to let go.
In this short video, Tax Materials Specialist Kim Tipsord previews an upcoming May 26 University of Illinois Tax School blog on disengaging from a client.

What’s one thing you learned from disengaging from a client?
Share your experience in the Tax School Facebook Group for a chance to win free Tax School bling:

https://www.facebook.com/groups/taxschool/posts/3162783297243445

05/13/2026

Succession planning for a tax or accounting practice involves more than identifying a buyer.

Asset vs. stock sales, goodwill allocations, installment sales, basis rules, NIIT, and built-in gains tax can all affect how a transition unfolds — for both the seller and the buyer.

This final blog in our Succession Planning Series explores key tax considerations and the role knowledge transfer plays in maintaining continuity during a practice transition.

Read the blog: https://taxschool.illinois.edu/post/tax-considerations-knowledge-transfer-succession/?utm_source=facebook&utm_medium=social&utm_campaign=blog_succession_practice

Knowledge transfer is a critical part of succession planning. Learn how tax considerations, documentation, and communication strategies can help support a smoother transition.

05/07/2026

Big thanks to

Tiffany Newswander, Jeff Little

for all your support! Congrats for being top fans on a streak 🔥!

04/30/2026

Job opportunity: Outreach & Event Coordinator.

Help us grow and deliver programs that serve tax professionals across the country. As our Outreach and Events Coordinator, you’ll lead outreach efforts, build partnerships, and manage the logistics behind successful in-person and online events. This role is ideal for someone who enjoys expanding programs and building connections. You’ll also need a strong eye for detail to keep complex events running smoothly. Applications are due by May 12.

Read the full job description and apply.
https://illinois.csod.com/ux/ats/careersite/1/home/requisition/16725?c=illinois&referralToken=IPlusVSVRk63XOf2iR5Wmw

04/29/2026

Help us grow and deliver programs that serve tax professionals across the country. As our Outreach and Events Coordinator, you’ll lead outreach efforts, build partnerships, and manage the logistics behind successful in-person and online events. This role is ideal for someone who enjoys expanding programs and building connections. You’ll also need a strong eye for detail to keep complex events running smoothly. https://illinois.csod.com/ux/ats/careersite/1/home/requisition/16725?c=illinois&referralToken=IPlusVSVRk63XOf2iR5Wmw

04/27/2026

How do you structure a tax practice transition so it holds up under both planned and unexpected situations?
This article looks at valuation, payment terms, and how to plan for continuity if something changes quickly.
Read how to structure your transition and prepare for the unexpected:
https://taxschool.illinois.edu/post/structuring-tax-practice-transition/?utm_source=facebook&utm_medium=social&utm_campaign=blog_succession_practice

Plan ahead with practical strategies for tax practice succession planning, including deal structures, valuation methods, and emergency transition planning.

04/16/2026

Instructor auditions are coming up on May 28.

We’re looking for experienced tax professionals who can present practical topics to an audience of peers. The audition is a short, virtual presentation, and we’ll provide a template to help you prepare.

If teaching has been on your radar—or you know someone who would be a great fit—this is a good place to start.

Details:
https://taxschool.illinois.edu/instructor-auditions/?utm_source=facebook&utm_medium=social&utm_campaign=instructor_auditions

04/08/2026

The IRS is offering underpayment penalty relief for qualifying farmers and fishermen filing 2025 returns.

If the return is filed and tax is paid in full by April 15, 2026, the penalty may be waived automatically. There are also steps available if a penalty was already assessed.

A quick breakdown of who qualifies and how it works: https://taxschool.illinois.edu/post/farm_penalty_relief/?utm_source=facebook&utm_medium=social&utm_campaign=blog_farm_penalty_relief

IRS Notice 2026-24 provides underpayment penalty relief for qualifying farmers filing 2025 returns. See who qualifies and how it applies.

04/03/2026

We appreciate your patience so much. Here is the text in the graphic in case it is hard to read on some screens:

Thank you for your patience. We want to share an update on the unsolicited “forgot password” emails some customers received on 4/2/26 between approximately 10:30 am and 1:30 pm CT.

We are working closely with University of Illinois technology, infrastructure, and security teams to investigate what occurred.

At this time, we have no evidence to suggest that any data was exposed. Our system contains limited personal information such as names and addresses. It does not store any payment or financial information.
The password recovery emails you have received are legitimate system-generated messages. They contain no malicious content or harmful links. If you received one of these emails and did not request it, you may safely ignore or delete it. No further action is required.

We are continuing to investigate the incident and are reviewing our systems to strengthen protections around our password recovery process to prevent future incidents.

Given the extreme stress you’re already under here in the final sprint of filing season, we sincerely apologize for the added concern. We will keep you updated as we learn more.

-Gina Marsh, Director