Drake Software blog for tax pros, covering tax, IRS news, and more
The Internal Revenue Service kicked off its annual “Dirty Dozen” list of tax scams this week, and used the occasion to spotlight phishing schemes.…
Read more about Dirty Dozen: Phishing Not Just Aimed at Taxpayers Anymore
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.…
Read more about Calling the IRS? Here’s What You Need to Know
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.…
Read more about Taxpayer Advocate Says Shutdown Has Affected Filing Season
Drake Accounting Development Manager Jay Eager swung by the Taxing Subjects studio to answer some frequently asked questions for Drake Accounting software.…
Read more about Jay Eager Answers Drake Accounting FAQs – EP22
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.…
Read more about House Members Want More Data on New Design 1040
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.…
Read more about “Are You Ready for Tax Season?” Survey Results
The IRS is expanding the Identity Protection Personal Identification Number (IP PIN) pilot program, so taxpayers in seven additional states will be able to add an extra layer of security to their federal tax return.…
The Internal Revenue Service is reminding the nation’s tax professionals that, by the end of 2019, the IRS’ Cincinnati Tax Processing Center will be closed.…
Read more about Cincinnati Tax Processing Center to Be Closed
In 2017 the IRS embarked on a familiar quest: to collect outstanding taxes from delinquent taxpayers. Some members of Congress thought private industry could succeed where the IRS had fallen short previously, and inserted language into a highway funding bill that mandated the IRS use private debt collection firms to recover the back taxes.…
Read more about Private Debt Collectors Recovered Just 2 Percent of Owed Taxes
