Drake Software blog for tax pros, covering tax, IRS news, and more
National Taxpayer Advocate Nina Olson says it’s time to make the American income tax code a simpler kind of beast. Olson, in her 2016 annual report to Congress, outlined a number of recommendations aimed at the income tax system in general and the IRS specifically.…
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Nina E. Olson, the National Taxpayer Advocate, released her 2016 annual report to Congress this week. In it, Olson urges lawmakers to simplify the tax code and callas on IRS to adopt a “taxpayer-centric focus” in its “Future State” plan.…
Being professionals, we all know how to give our clients the most accurate, best-case-scenario income tax return. But what happens after we send that return? Do you find yourself fielding call after…
With Christmas is in the rear view mirror, the bowl games all played out and December bank statements arriving in the mail, tax season 2017 has officially arrived. Here are 10 things to know before filing that first return.…
The Internal Revenue Service today announced a new email scam from cybercriminals that targets tax professionals. Using a two-stage process, this latest phishing scheme attempts to collect private data from tax preparers.…
Drake Software surveyed 1,200 tax professionals and 1,200 taxpayers to learn how concerned each group was about tax-related identity theft, which filing methods they believed were the safest, and more.…
With the passage of the New Year, the tax return filing machinery is tuning up and preparing for the race to April 18. The Internal Revenue Service will begin accepting returns Monday, Jan. 23.…
Drake Software and Macon County schools produced more than 3,000 Christmas cards for the American Red Cross (ARC) Holiday for Heroes project and more than 100 cards for the second annual Holiday Cards for Cops program.…
As we prepare to step into another tax season, it serves us well to take stock of our security measures and how we keep our data safe and secure. Let’s face it: the line between being a target and merely an observer of identity theft is being more blurred all the time.…
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The Internal Revenue Service recently suggested that taxpayers consider checking their eligibility for health care-related tax exemptions. Taxpayers who plan their finances around a refund check may be better able to budget during tax season by researching their options before January 23, 2017.…
