Drake Software blog for tax pros, covering tax, IRS news, and more
Tax-related identity theft has become a huge threat to the American taxpayer. It occurs when someone obtains your stolen Social Security Number and files a tax return to claim a fraudulent refund. If…
Read more about Tax-Related Identity Theft – Reduce Your Risk
WASHINGTON — The Internal Revenue Service today warned taxpayers to watch out for fake emails or websites looking to steal personal information. These “phishing” schemes continue to be on the annual…
In its 2014 annual survey, Sorting Out Software, the National Association of Tax Preparers (NATP) rated, among other things, how well each software package performed in converting client data from…
The IRS is offering some relief to taxpayers trying to reconcile their 2014 income tax return with a surplus of advance health insurance premium tax credits. The agency this week offered some relief…
Read more about Press Release: Administration Offers Relief From ACA Penalties; More Relief Planned
Notice 2015-09 provides limited relief for taxpayers who have a balance due on their 2014 income tax return as a result of reconciling advance payments of the premium tax credit against the premium…
Read more about IRS Notices and Guidance #2015-09 and #2019-03
WASHINGTON—The Internal Revenue Service today announced the launch of a new, online public directory of tax return preparers. This searchable directory on IRS.gov will help taxpayers find a tax…
WASHINGTON — The Internal Revenue Service yesterday warned that taxpayers should watch for improper claims for fuel tax credits, one of the “Dirty Dozen” tax scams for the 2015 filing season.“We will…
The IRS has issued its annual list of the 12 top scams directed at consumers.Compiled annually, the “Dirty Dozen” lists a variety of common scams that taxpayers may encounter any time, but which tend…
[Note: Taxing Subjects normally focuses on issues related to management of tax and accounting services rather than internal procedures of the IRS. However, this item may have a direct bearing on how…
Read more about IRS Hires Tech Firm That Bungled ObamaCare Web Site
February 2 Individuals who must make estimated tax payments. If you did not pay your last installment of estimated tax by January 15, you may choose (but are not required) to file your income tax…
Read more about IRS Publishes Tax Deadlines For February 2015
