Drake Software blog for tax pros, covering tax, IRS news, and more
Await November Elections One of the casualties of the coming election in Congress is a bill that would extend a package of 50 tax breaks worth $85 billion over the next 10 years to individuals and…
IRS Publication 5172, Facts about Health Coverage Exemptions This provides information for taxpayers who qualify for and may claim exemption from minimum essential coverage so that they do not need to…
Free Online System Makes it Easy for People to Pay Their Federal TaxesIRS Issue Number: IR-2014-89Tax Payments Top the One Million Mark with New IRS Direct Pay; Free Online System Makes it Easy for…
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700,000 Tax Preparers Expected to Join An estimated 700,000 tax preparers are expected to join in a new class-action lawsuit filed by Allen Buckley of Allen Buckley Law in Atlanta, GA, and Stuart…
Read more about Class-Action Lawsuit Filed over IRS PTIN Fees
700,000 Tax Preparers Expected to Join An estimated 700,000 tax preparers are expected to join in a new class-action lawsuit filed by Allen Buckley of Allen Buckley Law in Atlanta, GA, and Stuart…
Read more about Class-Action Lawsuit Filed over IRS PTIN Fees (1)
Renewal registration for CTEC Registered Tax Preparers (CRTPs) starts August 1, 2014. All registrations must be renewed online by midnight on October 31, 2014.To renew, CRTPs will need:20 hours of…
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Statistics of Income BulletinThe Internal Revenue Service today announced that the summer 2014 issue of the Statistics of Income Bulletin is available at IRS.gov. The Statistics of Income (SOI)…
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Rates Will Remain The SameThe Internal Revenue Service has announced that interest rates will remain the same for the calendar quarter beginning Oct. 1, 2014. The rates will be: three (3) percent for…
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Rates Will Remain The SameThe Internal Revenue Service has announced that interest rates will remain the same for the calendar quarter beginning Oct. 1, 2014. The rates will be: three (3) percent for…
Read more about Interest Rates Remain the Same for the Fourth Quarter of 2014 (1)
The 15 Industries with the Highest Net Profit Margin – Last 12 Months Based on an analysis of the financial statements of privately-held companies, Sageworks, a financial information company, ranked…
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