With the new income tax law passed in late 2017 came lots of changes to the tax code. Deductions, exclusions, credits, just about everything the average taxpayer deals with saw some sort of change.…
The incidence of tax-related identity theft has decreased in recent years, largely due to the hard work of the Internal Revenue Service and its Security Summit partners. However, identity theft is still serious enough to be included on this year’s “Dirty Dozen” list of scams from the IRS.…
The April tax filing deadline is fast approaching and scammers are sure to take advantage of it, attempting to steal money or personal information from taxpayers and tax pros alike.…
The Internal Revenue Service kicked off its annual “Dirty Dozen” list of tax scams this week, and used the occasion to spotlight phishing schemes.…
Tax professionals calling the IRS for help will have to answer a question before they can ask one. Tax pros and taxpayers will all have to verify their identities before they can get telephone help from the Internal Revenue Service help desks.…
A recent IRS Newswire announced that the 2018 Annual Report to Congress finally arrived on lawmakers’ desks, one of two reports that National Taxpayer Advocate Nina Olson is required by law to submit each year.…
Drake Accounting Development Manager Jay Eager swung by the Taxing Subjects studio to answer some frequently asked questions for Drake Accounting software.…
Is the “new, improved” Form 1040 actually helpful to taxpayers – or do the design changes actually make filing taxes more of a chore? Two congressmen on the tax-writing Ways and Means Committee are trying to get some answers.…
The IRS recently reminded enrolled agents (EAs) that the effects of the government shutdown didn’t suddenly come to an end on January 25 when the president signed a stopgap spending bill.…
Since the majority of the Tax Cuts and Jobs Act changes went into effect in tax year 2018 and there’s a new Form 1040 and supporting schedules to learn, Drake Software wanted to see if preparers felt ready before the January 28 start date.…
