Drake Software blog for tax pros, covering tax, IRS news, and more
Top Issues for Small Accounting FirmsWhile all accounting firms have some issues in common, there are some significant differences between small firms – those with 1-5 practitioners – and mid-to-large…
IRS’s Annual Filing Season ProgramWhat is the Annual Filing Season Program?The IRS’s recently announced Annual Filing Season Program provides a means by which unenrolled return preparers can obtain a…
Payday Loans and Tax Preparers Each year, 12 million borrowers spend approximately $7.4 billion on payday loans. But the payday lenders have come under growing scrutiny in recent years, as…
Prepare for Hurricanes, Natural Disasters by Safeguarding Tax Records With the start of hurricane season this week, the Internal Revenue Service encourages individuals and businesses to safeguard…
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Should We Get Married?For Opposite-Sex and Same-Sex Couples© Ben A. Tallman…
The IRS Office of Appeals People sometimes disagree on tax matters, and the decision of a tax examiner may not always be the final word. For this reason, the Internal Revenue Service created an…
10 Rules for Filing an Amended Tax ReturnAs of the 18th of April, the IRS had received more than 131 million returns, of which 88 percent were e-filed. The agency projects that almost five million…
Plan Now To Get Time Back in 2015Benjamin Franklin is credited with the observation that “Time is Money,” but for a tax preparer during tax season, time can also be the enemy, because each hour lost…
Six Strategies for Social Media Social media, which started with the creation of GeoCities in 1994 and has matured into dozens of sites led by Facebook, Twitter and Linked-in, has finally begun to…
If the Customer Can’t Pay The Tax VIIf You Receive an IRS Notice, Here’s What to DoEach year the IRS sends millions of letters and notices to taxpayers. Although some people may feel anxious when they…
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