Drake Software blog for tax pros, covering tax, IRS news, and more
The Internal Revenue Service today recommended that taxpayers with an expiring Individual Taxpayer Identification Number renew it early to make sure their tax year 2020 refund isn’t delayed.…
The Internal Revenue Service is reminding owners of most heavy highway vehicles to timely file their Form 2290, Heavy Highway Vehicle Use Tax Return.…
Read more about Truckers Reminded to e-File Highway Use Tax Return by August Deadline
The humble phishing scam is one of the oldest grifts in the Digital Age. Despite their age, these scams remain remarkably effective. Part of that success is derived from constant evolution, and the…
The Joint Board for the Enrollment of Actuaries is providing enrolled actuaries with some relief when it comes to picking up their continuing professional education (CPE) credits.…
Read more about “Physical Presence” CPE Rule Temporarily Waived for Enrolled Actuaries
A new notice from the Internal Revenue Service gives companies that make and sell sport fishing or archery equipment more time to pay their quarterly excise taxes.…
Read more about IRS Gives Extra Line to Sport Fishing, Archery Equipment Companies
The Internal Revenue Service in recent years has made many advancements in the online service sector, installing helpful applications to aid individual taxpayers. But a new audit shows that if an unauthorized user manages to get into the system, many times the applications are unable to show investigators where those intruders went.…
Read more about TIGTA Says Most IRS Apps Unable to Track Unauthorized Users
Businesses are a favorite target of identity thieves. Reports often cover the theft of customer financial information, like credit cards, debit cards, and bank accounts.…
More and more, tax professionals are relying on working remotely, also known as teleworking, in order to stay connected with clients and remain productive.…
The Internal Revenue Service is changing the guard in its Criminal Investigation (CI) division. James Lee, the current deputy chief of the division and a 25-year IRS veteran, will take the reins from retiring Chief Don Fort.…
Read more about James Lee to Lead IRS Criminal Investigations
The Internal Revenue Service has good news for taxpayers restoring historic buildings. Last week, the agency announced that they have granted additional time to qualify for the Rehabilitation Tax Credit to mitigate logistical issues arising from the coronavirus pandemic.…
Read more about Taxpayers Get More Time to Qualify for Rehabilitation Tax Credit
