Drake Software blog for tax pros, covering tax, IRS news, and more
Securing your Client Data Of all of the subjects that got the attention of the industry – the Affordable Care Act, identity theft, and licensing of tax preparers among them – one did not get much…
Former IRS Employee Pleads Guilty to Claiming $1.7M in Fraudulent Tax Refunds The Internal Revenue Service, which has made a concerted effort in recent years to pursue tax preparers engaged in filing…
Earned Income Tax Due Diligence By John Sapp, CPAVice President of Strategic DevelopmentDrake Software Over the past 5 or 6 years the IRS enlisted preparers to go beyond Circular 230 requirements and…
The state of Massachusetts has announced that it will begin Phase Two of individual e-file testing with software developers on or after 1.09.14. The latest version of their Personal Income Tax (PIT)…
Business Tax Filers can start filing 2013 Tax Returns on January 13, 2014The IRS will begin accepting 2013 business tax returns, both paper-filed and e-filed, on Monday, Jan. 13, 2014. Business…
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E-file Start Dates for StatesAs a direct file state, the State of California can start receiving returns sooner than other states that are linked to the federal return. Pre-Modernized e-file, we…
10 Technologies Worth Investing In (December Edition)By James StorkSenior Vice President, Drake Software Conventional wisdom holds that tax preparation and accounting firms should begin their quest…
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The Drake maintenance period for 12/2/2013 and 12/3/2013 that was communicated on 11/20/2013 has been CANCELLED. While e-filing of individual returns ended nationwide for the remainder of this…
In the new era of modernized e-file, IRS will accept most electronic returns for 2 years after the initial filing season for that tax year. So, a 2012 return can be filed electronically in 2013,…
AICPA Annual Tax Software SurveyBy James StorkVP of Education, Drake Software The American Institute of CPAs has released its 2013 survey of tax preparation software, and Drake Software again rated…
