Drake Software blog for tax pros, covering tax, IRS news, and more
Report: IRS Develops ACA Health Care Premium Tax Credit SystemThe Internal Revenue Service (IRS) has completed development and testing of software to calculate the Advanced Premium Tax Credit and the…
Read more about Report: IRS Develops ACA Health Care Premium Tax Credit System
IRS Tackling the Issue of Stolen EINsWhile the Internal Revenue Service (IRS) has developed processes to authenticate individuals applying for an Employer Identification Number (EIN), it needs to do…
Senate Schedules Confirmation Hearing for IRS CommissionerThe Senate Committee on Finance has scheduled a hearing on Tuesday, December 10 to consider the nomination of John Andrew Koskinen to become…
Read more about Senate Schedules Confirmation Hearing for IRS Commissioner
The Drake maintenance period for 12/2/2013 and 12/3/2013 that was communicated on 11/20/2013 has been CANCELLED. While e-filing of individual returns ended nationwide for the remainder of this…
IRS Computers Vulnerable to Hackers A new cost-saving computer technology being implemented by the IRS has left the agency vulnerable to hacking, putting taxpayers’ info at risk, an investigative…
IRS Workforce Turnover Part of Tea-Party Scrutiny Fallout: Taxes The furor over scrutiny of Tea Party groups by the Internal Revenue Service, which hurt President Barack Obama politically, has…
Read more about IRS Workforce Turnover Part of Tea-Party Scrutiny Fallout: Taxes
Farmers, tax preparers facing more changes The Internal Revenue Service will begin accepting and processing 2013 tax returns a little later than usual. But farmers and their tax preparers shouldn’t…
Black Market Tax Preparers Continue To Defy IRS When the Internal Revenue Service announced intentions to regulate tax preparers, the idea was to save taxpayers from “unscrupulous” (IRS’ favorite word…
Read more about Black Market Tax Preparers Continue To Defy IRS
PCAOB Offers Firms Advice on Fixing Audit Quality Problems The Public Company Accounting Oversight Board has added a page to its Web site to provide information to audit firms where quality control…
Read more about PCAOB Offers Firms Advice on Fixing Audit Quality Problems
Accounting Fraud and Waste Is Standard Procedure at the Pentagon The Pentagon routinely commits accounting fraud in order to balance its books with the U.S. Treasury's, according to a new report from…
Read more about Accounting Fraud and Waste Is Standard Procedure at the Pentagon
