Drake Software blog for tax pros, covering tax, IRS news, and more
Goldwater Institute Challenges Independent Payment Advisory Board Washington—Today 25 members of Congress filed a “friend of the court” brief urging the U.S. Supreme Court to hear a legal challenge to…
Vitter will continue to push for a full vote on his No Washington Exemption legislationWednesday, December 10, 2014(Washington, D.C.) – The Senate Republican Conference accepted a rule proposed by…
Read more about Press Release: Republican Senators Vote to Treat Congress Equally Under Obamacare
The Internal Revenue Service has issued technical guidance for the following issues: Notice 2014-78 provides guidance on the corporate bond monthly yield curve, the corresponding spot segment rates,…
Read more about IRS Publishes Technical Guidance On Four Issues
An $11 billion bill that would permanently restore expired tax breaks for donations of food, charitable contributions from certain retirement accounts and for land conservation faced a sudden setback…
Read more about Permanent Charity Tax Breaks Face White House Veto
IRS YouTube Videos:Required Withdrawals from Your IRA: English | Spanish | ASLPodcasts:Required Withdrawals from Your IRA: English | SpanishIR-2014-112, Dec. 8, 2014WASHINGTON — The Internal Revenue…
Read more about Most Retirees Need to Take Required Retirement Plan Distributions by Dec. 31
Tax Preparers Consider New IRS ProgramDrake researchers conducted a short survey of over 7,000 tax preparers, including CPAs, EAs, attorneys, and non-credentialed participants, in light of the…
Read more about Annual Filing Season Program (AFSP) Survey Results Infographic
WASHINGTON -- The Treasury Inspector General for Tax Administration (TIGTA) publicly released its audit report on the effectiveness of the Internal Revenue Service’s (IRS) efforts to increase the…
Video: What If?People facing financial difficulties may find that there's a tax impact to events such as job loss, debt forgiveness or tapping a retirement fund. For example, if your income decreased,…
The US Department of Homeland Security (DHS) Has Issued a Warning of a New “Trojan Horse” Virus The US Department of Homeland Security (DHS) has issued a warning of a new “Trojan Horse” virus that has…
Delays ContinueDelays Continue in Completing Agreements to Share Information With Prisons, and Reports to Congress Are Not Timely or CompleteWASHINGTON – Tax refund fraud associated with prisoner…
