Drake Software blog for tax pros, covering tax, IRS news, and more
A new audit from the Treasury Inspector General for Tax Administration (TIGTA) finds that IRS identity theft investigations by the Criminal Investigations unit declined by 75% between 2013 and 2017.…
Read more about IRS Identity Theft Investigations Down 75 Percent Since 2012
The IRS last Friday announced that it would be waiving the penalty for using red-dyed diesel in highway vehicles. The press release came while Floridians prepared for the possibility that Hurricane Dorian would make landfall.…
Time is running out for taxpayers who need to renew an expiring ITIN before next filing season.…
Owning your own business can be a very rewarding experience. The process of starting a business, however, can seem overwhelming to the uninitiated.…
Modernizing and streamlining the Internal Revenue Service has been a major focus in recent years.…
Read more about Amanda Explains the Taxpayers First Act - E31
For some taxpayers paying estimated taxes who have filed their 2018 tax returns there’s a little bit of bad news—and some good news.The bad news is they failed to claim the special waiver that would…
Read more about IRS Waives Estimated Tax Penalty for Eligible 2018 Filers
A reworked version of Form W-4 has been released by the IRS and the Treasury Department for the 2020 tax year.…
The National Association of Tax Professionals (NATP) this week announced the results of their 2019 Software Survey.…
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
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
