Drake Software blog for tax pros, covering tax, IRS news, and more
While media and analyst attention has been focused on control of the Senate and the 36 state gubernatorial races, election watchers also note that there are 16 state ballot measures worthy of…
Not on the List to Review for 2014 TermThe US Supreme Court has released the list of cases it will take up in the 2014 term, and the petition that challenges a key part of the Obamacare healthcare law…
As of May 2, 2014, the IRS Received More than 135.5 Million Individual Income Tax ReturnsWASHINGTON – The Treasury Inspector General for Tax Administration (TIGTA) released its annual review of the…
Read more about Key Tax Provisions Were Implemented Correctly for the 2014 Filing Season
Taxpayers May Contribute up to $18,000 to their 401(k) plans in 2015IR-2014-99, Oct. 23, 2014WASHINGTON — The Internal Revenue Service today announced cost‑of‑living adjustments affecting dollar…
The AICPA Lacked Standing and Would not be Harmed by a Voluntary Program The US District Court for the District of Columbia has dismissed a lawsuit against the Internal Revenue Service by the American…
Read more about Court Dismisses AICPA Lawsuit Against the IRS
Does Your Customer’s Health Insurance Meet The Minimum Standards? The Affordable Care Act calls for individuals to have qualifying health insurance coverage for each month of the year, have an…
Business e-File Rose Nearly 10%Business e-file rose nearly 10 percent this year, continuing the growth that has seen the number of corporate and partnership returns filed electronically double in just…
Read more about 7 in 10 Corporate and Partnership Tax Returns Now Filed Electronically
Senators Wicker and Nelson Call on IRS to Address Tax Refund Fraud Bipartisan Coalition Urges Agency to Make Fraud Reduction a Top PriorityWASHINGTON – U.S. Senators Roger Wicker, R-Miss., and Bill…
Information for Employers About Their Responsibilities Under the Affordable Care Act If you are an employer, the number of employees in your business will affect what you need to know about the…
Read more about Information for Employers about Their Responsibilities Under the Affordable Care Act
Employer Shared ResponsibilityOn Feb.10, 2014, the U.S. Department of the Treasury and the Internal Revenue Service (IRS) issued final regulations implementing the employer responsibility provisions…
