Drake Software blog for tax pros, covering tax, IRS news, and more
Over the past months, we’ve shared a lot of information with you about how best to defend your office from a data breach or some other security incident. But what happens if the unthinkable happens. You know – someone gains access to your personal, professional or client data; someone who stole it. Then what?…
Every year, the National Taxpayer Advocate, Nina Olson, submits a report to Congress on how she rates the performance of the Internal Revenue Service from a taxpayer’s perspective. Federal law…
Read more about National Taxpayer Advocate Report Good News, Bad News for IRS
National Taxpayer Advocate Nina Olson says it’s time to make the American income tax code a simpler kind of beast. Olson, in her 2016 annual report to Congress, outlined a number of recommendations aimed at the income tax system in general and the IRS specifically.…
Read more about Taxpayer Advocate Calls for Simpler Tax Code
Nina E. Olson, the National Taxpayer Advocate, released her 2016 annual report to Congress this week. In it, Olson urges lawmakers to simplify the tax code and callas on IRS to adopt a “taxpayer-centric focus” in its “Future State” plan.…
Being professionals, we all know how to give our clients the most accurate, best-case-scenario income tax return. But what happens after we send that return? Do you find yourself fielding call after…
With Christmas is in the rear view mirror, the bowl games all played out and December bank statements arriving in the mail, tax season 2017 has officially arrived. Here are 10 things to know before filing that first return.…
The Internal Revenue Service today announced a new email scam from cybercriminals that targets tax professionals. Using a two-stage process, this latest phishing scheme attempts to collect private data from tax preparers.…
Drake Software surveyed 1,200 tax professionals and 1,200 taxpayers to learn how concerned each group was about tax-related identity theft, which filing methods they believed were the safest, and more.…
Tax professionals around the country are preparing for the start of filing season on January 23: learning the updates to their tax software, reviewing changes to tax law, training seasonal staff, and – of course – implementing data-security strategies.…
If there’s one word to describe the income tax filing process in 2017, it’s “security.” And while we’ve told you about the steps needed to keep your financial and client data secure, security is more than just computers and software.…
