Drake Software blog for tax pros, covering tax, IRS news, and more
It’s National Small Business Week at the Internal Revenue Service! All this week the IRS will be emphasizing the many online resources it has available for small business owners and self-employed individuals.…
A 33-year old Russian national has been charged in federal court with stealing taxpayers’ personally identifiable information (PII) and using that data to steal more than $1.5 million from the U.S. Treasury.…
In 2015 Congress mandated the IRS use private debt collectors to bring in billions of dollars in outstanding tax debt owed by taxpayers.…
Read more about New Collection Program Yields Same Old Results
Tax professionals across the country breathed a collective sigh of relief by Wednesday, April 17, but the end of filing season doesn’t translate to an eight-month vacation.…
Read more about Amanda and Lori Talk Drake Classroom Training - E26
The Internal Revenue Service has opened the doors to registration for this year’s Nationwide Tax Forum series.…
Read more about IRS Opens Registration for Nationwide Tax Forum 2019
A computer glitch is being blamed for an erroneous tax notice sent to some New York State taxpayers. Buffalo, N.Y. TV station WKBW reports the notices say the taxpayer’s income tax refund has been adjusted to zero because they “are not entitled to a refund.”…
Read more about Computer Glitch Blamed for NYS Tax Notice Miscue
Tax Day may have come and gone, but that doesn’t mean we stop talking about tax-related issues after April 15.…
Each year, major tax industry publications conduct surveys and product reviews to help paid tax return preparers make informed decisions about the kind of software they choose for their office.…
Read more about CPA Practice Advisor Publishes the 2019 Readers' Choice Awards Results
The IRS is about to begin a long-awaited upgrade program to its antiquated information and taxpayer services systems.…
The Section 199A qualified business income (QBI) deduction has been a source of confusion for taxpayers and tax professionals alike since it debuted with the Tax Cuts and Jobs Act.…
