Drake Software blog for tax pros, covering tax, IRS news, and more
What's New in Drake Tax?Drake Software's Vice President of Application Development Brian Stork and Vice President of Education James Stork discuss new software features in Drake Tax. In particular,…
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No doubt about it, the sharing economy is big business. Thousands of Americans participate, from offering homes to travelers to running errands for subscribers or giving rides around town. But taking…
IRS Modernized e-file for Tax Year 2016 closes on Saturday, November 18—even for taxpayers in disaster areas and those who qualified for a January 31, 2018 extension.…
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President Trump today announced Assistant Secretary of the Treasury for Tax Policy David Kautter would succeed Koskinen as acting commissioner—easing uncertainty concerning a gap in leadership at the agency.…
No doubt individual returns have gotten the bulk of press coverage on identity theft recently. But fraudsters and identity thieves have begun to include businesses and non-profits in their list of targets.…
For John Koskinen and the members of the Security Summit, it’s been a pretty good year. Koskinen, the commissioner of the IRS, joined the Security Summit this week in praising the advances made in the fight against identity theft, while laying the groundwork for the 2018 filing season.…
The Internal Revenue Service has extended its disaster-relief tax measures to victims of the California wildfires. Qualified taxpayers and businesses now have until January 31, 2018 to file certain returns and make some tax payments.…
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Tax professionals are being warned to be on the lookout for a scam using a fake insurance tax form in an effort to steal annuity and life insurance accounts.…
The Internal Revenue Service is warning tax professionals that scammers are trying to trick them into “signing” a new e-Services user agreement.…
To help hurricane victims in Flordia, Texas, Puerto Rico, and the Virgin Islands, the Internal Revenue Service this week issued twelve tips for reconstructing records that may have been lost in a natural disaster.…
Read more about Reconstructing Records for Federal Assistance?
