Some 40 Million Yet to File This Tax Season
With the April 18 income tax filing deadline just days away, millions of American taxpayers will soon have just two choices to avoid a penalty: File or get an extension.…
Tax Professional Organizations Join Forces for IRS Improvements
A group of organizations that represent areas of the tax professional community have joined to let federal lawmakers know they’re not happy with the Internal Revenue Service's performance.…
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Thousands Affected by Federal Site Hack
The Internal Revenue Service is mailing out written notices to thousands of taxpayers who may have had their identities compromised due to a recent hack of the student aid application process.…
Are Bitcoin Users Cheating on Taxes?
The use of virtual currency such as Bitcoin has been growing for all sorts of online financial transactions. But the Internal Revenue Service says they’re finding that very few of those transactions are being reported for tax purposes.…
2016 IRS Tax Season Statistics
Drake Software reviewed the 2016 IRS tax season statistics and produced an infographic covering data that is pertinent to tax professionals.…
Identity Theft Scam Aimed at W-2 Data
With the deadline for submitting income tax returns in sight, identity thieves are increasing their efforts to steal valuable data than can help them file bogus tax returns.…
New e-Services Scam Aimed at Preparers
Tax professionals are being warned to watch out for a new round of email scams that seek to steal their professional credentials and other critical information.…
TIGTA Report Examines IRS's IP PIN Security Breach Recovery
An audit into how the Internal Revenue Service responded to a 2015 security breach has found the agency hasn’t taken sufficient steps to ensure that such a breach doesn’t happen again.…
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IRS Warns of Aggressive Phone Scams
The IRS recently warned seniors about the threat of scam phone calls from criminals hoping to capitalize on the urgency of tax season.…
TIGTA Finds Employment Tax Noncompliance Growing
An evaluation by the Treasury Inspector General for Tax Administration (TIGTA) shows that the Internal Revenue Service isn’t managing to keep up with the growing number of employers who knowingly fail…
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