Drake Software blog for tax pros, covering tax, IRS news, and more
It’s the new normal: All of us in the income tax industry have to be aware that somewhere, at any time, there may be someone out in cyberspace who is actively trying to steal the confidential data of our clients and our businesses.…
Read more about Security Summit to Tax Pros: “Don’t Take the Bait”
Drake received thank-you letters from several Accounting and Taxation students at Hillsborough Community College in Florida.…
Read more about Hillsborough Community College Students Thank Drake Software
It’s called “spear phishing,” and, once again, it’s headed for an email in-box near you.…
The latest annual report from the Electronic Tax Administration Advisory Council gives credit for progress made in the fight against identity theft, while making suggestions for new areas worthy of…
Read more about Advisory Committee Urges IRS to Continue Cybersecurity Fight
The Taxpayer Advocate Nina Olson issued her mid-year report to Congress, noting that the IRS had “a generally successful filing season.” Despite the kudos, she identified several areas that need improvement.…
Drake Software has long been a leader in the income tax industry. Now that influence is expanding into the national fight against tax-related identity theft.…
America’s tax professionals are being warned about a new phishing campaign aimed at stealing the preparers’ filing data.…
An audit has discovered that the frequency of employment-related identity theft may be far worse than thought. Unfortunately, the audit also found the Internal Revenue Service has missed identifying…
Read more about TIGTA Audit Finds IRS Identity Theft Measures Come Up Short
A recent federal court ruling that struck down the Internal Revenue Service’s user fee for issuing or renewing Preparer Tax Identification Numbers (PTINs) took away the fee, but left the PTIN itself…
Scammers have dusted off an old racket and added a couple of new twists in hopes of swindling taxpayers out of their money. The Internal Revenue Service says this scheme has been reported across the country, and asks taxpayers to be alert.…
