Drake Software blog for tax pros, covering tax, IRS news, and more

Audit Finds FATCA Enforcement Failed

Audit Finds FATCA Enforcement Failed

The Internal Revenue Service has spent millions of dollars trying to get taxpayers located in foreign countries to report their holdings for tax purposes. A new federal audit, however, finds the IRS has fallen short in the effort.…

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LTPA on How to Help Multi-Cultural Clients – EP13

LTPA on How to Help Multi-Cultural Clients – EP13

In this episode, Drake Software Vice President John Sapp and I are joined by two representatives from the Latino Tax Professionals Association to discuss issues facing multi-cultural clients: President and CEO of Lopez Tax Service and LTPA Executive Director, Carlos Lopez, EA, and LTPA Vice President of Business Development, Tony Martinez, EA.…

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IRS Now Accepting ITIN Renewals

IRS Now Accepting ITIN Renewals

ITINs that haven’t been used at least once in three consecutive years or contain middle digits 73, 74, 75, 76, 77, 81, or 82 will expire on December 31, 2018—unless, of course, affected ITIN holders renew before the end of the year.…

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