Drake Software blog for tax pros, covering tax, IRS news, and more
IRS: The Truth About Frivolous Tax Arguments The Internal Revenue Service has released the 2014 version of “The Truth about Frivolous Tax Arguments.” The document describes and responds to some of…
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Serving Customers Beyond the Deadline Preparing a tax return is a way of looking back over the year, both to determine taxes due and to learn any lessons the past might offer. The problem is that…
If The Customer Can’t Pay The Tax – Part II Offer in Compromise An offer in compromise (OIC) is an agreement between a taxpayer and the Internal Revenue Service that settles the taxpayer's tax…
If the Customer Can’t Pay The Tax – Part I There are several different payment programs available for taxpayers who cannot pay the taxes owed by April 15. Because any balance due is subject to…
The ABCs of Late IRS PaymentsThe complexity of the tax laws and the fact that they change from year to year makes it inevitable that some clients will be unable to pay some or all of their bills to…
April 15 Individual Filing Deadline – 5 Quick RemindersThe April 15 filing deadline for individual returns is upon us! Here are 5 quick reminders:Individuals must file and pay by April 15. Returns…
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The Windows 8-back-to-Windows-7 Update Arrives So Microsoft announces the end of support for the one-third of the computing world that still uses Windows XP…and magically announces that on the same…
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Senate Hearings On Incompetent and Unethical Tax Preparers The Senate Finance Committee has announced it will hold hearings next Tuesday (April 8) at 10 am in Room 215 of the Dirksen Senate Office…
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Five Ways to Say “I’m Reputable!”Tax return preparer fraud has been a hot topic again this year. Between the continuing prosecutions of those preparers caught in illegal acts, the push by the IRS to…
Drake Tax Professionals Faring Well In 2014 Tax preparers using Drake’s software appear to be doing better than the industry in general this tax season, increasing or maintaining the volume and…
