Drake Software blog for tax pros, covering tax, IRS news, and more
Small Business in IRS Sights Thousands of small-business owners have received letters from the Internal Revenue Service questioning whether they are under reporting their business income, a harbinger…
IRS Sends EA Termination Letters The Internal Revenue Service has sent letters to Enrolled Agents who have not renewed their status for one or two renewal cycles. The letters set out the requirements…
IRS Issues Rules on Individual Health Care MandateThe Internal Revenue Service issued final rules this week for the individual mandate of President Barack Obama's healthcare overhaul.A centerpiece of…
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IRS Notifies Tax Professionals with Expired PTIN NumbersThe Internal Revenue Services has notified tax preparation professionals who have Preparer Tax Identification Numbers (PTINs) that expired on…
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Walter’s daughter, Mitzi, always dreamed of becoming a teacher. But, when she was a senior in high school, she decided to take an accounting class as an elective. It came very easy for her to understand the different aspects of accounting, and she really enjoyed the class. So much in fact that she decided she wanted to be an accountant, too. She graduated with a Bachelor of Science in accounting from the University of North Carolina Charlotte, and soon thereafter, became a CPA...…
SEC's New Model Profiles Companies For Accounting FraudLast November, Forbes magazine detailed how a stretched Securities & Exchange Commission, embarrassed at having missed Bernie Madoff’s $65…
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Estate planning can be overwhelming, and a little scary. Many people think they have plenty of time to make provisions to their estate plans. However...…
The Internal Revenue Service (IRS) delayed the start of the tax filing season by eight days to Jan. 30 this year to account for the enactment of tax law changes made to resolve the so-called fiscal cliff...…
Early this year, officials at Littler Mendelson, the largest US-based law firm representing management in employee benefits and labor law, surveyed the landscape as the Obama administration began implementing the Affordable Care Act. They knew big money was to be made...…
Tax Return Preparation Market in 2013 This paper is a review and forecast of the marketplace for companies engaged in the preparation of individual and business tax returns.To receive this download…
