Drake Software blog for tax pros, covering tax, IRS news, and more
In the new era of modernized e-file, IRS will accept most electronic returns for 2 years after the initial filing season for that tax year. So, a 2012 return can be filed electronically in 2013,…
Salaries on the Rise for Accountants and Financial AnalystsThe staffing company Robert Half is projecting a 3.4 percent uptick in salaries for accountants next year, according to the 2014 edition of…
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Accounting Firms Doing More Lateral Hiring Lateral hiring of partners and leaders by accounting firms from competing accounting firms is on the rise, according to a new study reported in Accounting…
The IRS Did Not Properly Implement Law Penalizing Erroneous RefundsWASHINGTON – By incorrectly interpreting Federal law, the Internal Revenue Service (IRS) significantly limited the number of…
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Identity Theft: IRS Still Has Issues to Resolve Expanded identity theft detection efforts at the Internal Revenue Service (IRS) are helping to identify fraudulent tax returns, however, billions of…
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Worldwide Identity Thieves Steal Millions in Tax Refunds In this May 8, 2008, file photo, blank U.S. Treasury checks are seen on an idle press at the Philadelphia Regional Financial Center, which…
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Small-Business Partnerships to Be Priority of IRS Exams: Taxes The Internal Revenue Service is shifting its small-business audit focus from corporations to various types of partnerships as those…
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IRS Pressed to Disclose ObamaCare Enrollment and Eligibility Data Rep. Dave Camp, R-MI, chairman of the tax-writing House Ways and Means Committee, has written a letter to Internal Revenue Service…
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Federal Court in Ohio Shuts Down Nation’s Fourth-Largest Tax-Preparation Firm and Bars CEO from Tax-Preparation Business A federal court has entered a permanent injunction ordering ITS Financial LLC,…
Private Tax Collectors Are Coming. No one wants to owe money, and being chased for taxes is no fun. But if you have to owe taxes, who do you want coming after you, the IRS or private debt collectors?…
