NATP Releases 2019 Software Survey Results
The National Association of Tax Professionals (NATP) this week announced the results of their 2019 Software Survey.…
Taxpayers with Significant Tax Debt Could Lose Passports
The Internal Revenue Service is warning taxpayers they risk losing their passports if “significant” tax debt is not paid.…
Read more about Taxpayers with Significant Tax Debt Could Lose Passports
TIGTA Finds IRS Needs More Work on Amended Returns
The office tasked with overseeing the Internal Revenue Service says the agency hasn’t improved procedures enough when it comes to reviewing amended tax returns.…
Read more about TIGTA Finds IRS Needs More Work on Amended Returns
Finance Chair Wants to Bring Back Tax Extenders
Senate Finance Committee Chairman Chuck Grassley pushed Congress to revive the tax extenders that expired at the end of 2018 in a press release issued last month.…
Read more about Finance Chair Wants to Bring Back Tax Extenders
Don’t Get Left Behind on Auto Expense Deductions
If you’ve always deducted your business vehicle expenses in the past, read on. With the recent changes in the tax code, not everyone can still claim the deduction. Some taxpayers can, but some…
Read more about Don’t Get Left Behind on Auto Expense Deductions
IRS Sends Letters to Cryptocurrency Owners
The Internal Revenue Service is attempting to rein in some taxpayers who may have failed to report income and pay tax on virtual currency transactions.…
IRS Highlights New Whistleblower Notification Process
The IRS recently highlighted how the Tax Cuts and Jobs Act affected whistleblowers who submit information to the IRS Whistleblower Office.…
Read more about IRS Highlights New Whistleblower Notification Process
Trent Covers Efficiency Features in Drake Tax - E30
Having tax software that improves workflow efficiency can be one of the keys to a successful filing season.…
Read more about Trent Covers Efficiency Features in Drake Tax - E30
New 1040 for Seniors and Updated 1040 Unveiled
The Internal Revenue Service has published a draft of a new tax return targeted at senior citizen taxpayers.…
Read more about New 1040 for Seniors and Updated 1040 Unveiled
NC Man Gets 12-Year Sentence in Virginia
A North Carolina man has been handed a 12-year prison sentence by a Virginia federal court for a fraud scheme that included tax charges.…
