Drake Software blog for tax pros, covering tax, IRS news, and more
Declining Resources Have Contributed to Unfavorable Trends in Several Key Automated Collection System Business ResultsWASHINGTON – Declining resources could affect the ability of the Internal Revenue…
Read more about Declining Resources Affect IRS's Ability to Collect Delinquent Taxes
New Enrollments in the Affordable Care Act Will Fall Short of the Level NeededThe Department of Health and Human Services announced this week that new enrollments in the Affordable Care Act will fall…
Read more about Administration Cuts Projections 30 Percent For 2015 ACA Enrollment
Move Surprises Those Following the CaseThe US Supreme Court has elected to take up the issue of tax credits given to users of the federal health exchange, setting the stage to resolve one of the most…
Read more about Supreme Court Takes Up Obamacare Subsidies Appeal
IRS Commissioner John Koskinen explains in this new video how the Affordable Care Act will affect you and your clients.Watch this and other videos on the IRS YouTube Channel. Source: Internal Revenue…
Read more about Affordable Care Act: IRS Commissioner Explains What to Expect at Tax Time
DEPARTMENT OF THE TREASURYInternal Revenue Service This document contains proposed regulations that prescribe how a partnershould measure its interest in a partnership’s unrealized receivables and…
Read more about Certain Distributions Treated as Sales or Exchanges
In Guinea, Liberia and Sierra Leone WASHINGTON — The Internal Revenue Service today issued two items of guidance in response to the need for charitable and other relief due to the Ebola outbreak in…
Read more about IRS Announces Tax Guidance Related to Ebola Outbreak
NEW YORK, Nov. 3, 2014 /PRNewswire/ -- The open enrollment period for health plans under the Affordable Care Act (Obamacare) begins on November 15, 2014. However, a new survey of former participants…
Read more about Bankrate Survey Says 51% Will Not Renew With ACA Exchanges
Source: 2014 NATP Tax Professional Fee Survey The National Association of Tax Professionals has released its survey of the number of tax returns prepared in 2014 and the average fees charged for those…
Read more about Preparer Fees and Returns Prepared Increased In 2014
Who are the Victims of Tax-Related Identity TheftWASHINGTON – The Internal Revenue Service (IRS) is not providing personal identity numbers to all taxpayers who are the victims of tax-related identity…
Scam Phone Calls Continue; IRS Unveils New Video to Warn Taxpayers IRS YouTube Video:IR-2014-105, Oct. 31, 2014WASHINGTON — As incidents of an aggressive telephone scam continue across the country,…
Read more about Scam Phone Calls Continue; IRS Unveils New Video to Warn Taxpayers
