Drake Software blog for tax pros, covering tax, IRS news, and more
IRS Extends Filing Deadline in Affected CountiesToday the IRS announced that victims of the storms that swept through Mississippi now have until May 16 to file returns and meet some payment deadlines.…
Warns that Tax System may Become "Pay to Play"National Taxpayer Advocate Nina E. Olson's annual report to Congress addressed concerns about the IRS's Future State plan: specifically, a reduction in…
Read more about National Taxpayer Advocate Delivers Report to Congress
Every year it seems like Congress waits until the last minute to make changes to the tax code. Lately, many of the changes are retroactive, as changes are made in December that affect the current tax…
Looking BackIt was an exciting year for everyone here at Taxing Subjects. We covered interesting and relevant tax industry updates, interviewed successful tax professionals, and provided resources to…
Bipartisan Effort Passes Extenders; Makes Some PermanentWhen testifying before the House Ways and Means Committee in April, IRS Commissioner Koskinen feared Congress would delay passing extenders…
Today, the IRS issued a press release stating that the combination of tax extenders legislation, agency preparation, and help from tax professionals ensured that they will be able to begin tax season…
Read more about Just in Time: 2016 Tax Season Won’t be Postponed
You’ve already run the holiday checklists: gifts have mostly been purchased, decorations are up, and your calendar is chock full of holiday parties.What’s left to do for the season? You could…
Combat Identity Theft with Stronger Password SystemsInnumerable articles underscore the need for keeping unique, rotating passwords for every online account: email, social media, gaming,…
Are You Ready for Tax Season?Keeping pertinent information handy is essential to maintaining an efficient, well-organized workspace. Make sure to get your copy of the 2015 Desk Reference Guide from…
With tax season scant weeks away and the fundamental hiring, training, and preparations nearly finished, it’s time for the management teams in tax and accounting firms to turn their attention toward…
