Drake Software blog for tax pros, covering tax, IRS news, and more
Tax professionals are being warned to be on the lookout for a new round of phishing emails aimed at stealing their email usernames and passwords. The Internal Revenue Service says the new wave of scam…
Read more about Phishing Emails Mimic State Professional Organizations
The IRS yesterday announced that they have begun sending tax bills to those who filed returns but didn’t pay their entire balance.In June or July, taxpayers who still have a balance with the IRS will…
Read more about Some Taxpayers Now Receiving Tax Bills from the IRS
The IRS says it will be issuing regulations in the near future aimed at clarifying just how state and local tax payments can be deducted for federal income tax purposes.The issue goes back to late…
Read more about IRS to Issue Guidance on State, Local Tax Deductions
Severe Storm Victims to Receive Tax ReliefSome North Carolina taxpayers will receive tax relief now that the president and FEMA have declared tornado-and-severe-storm-stricken counties federal…
Read more about Parts of North Carolina Declared Disaster Areas
Scam artists have dusted off an old scheme and added a new kink in an effort to swindle taxpayers out of money. This new effort uses a faked version of the IRS Form W-8BEN to get detailed personal…
Cybercriminals Targeting Employer Identification NumbersAs part of the Small Business Week program, the IRS last week addressed ways businesses could protect against a recurring identity-theft scheme:…
Read more about Identity Thieves Using Stolen EINs to File Returns
How Did the TY2017 Tax Season Turn Out?We’re a few weeks removed from tax season, so we wanted to hear what tax professionals thought about the latest iteration of the January-to-April annual…
Read more about Jim Lowe & Jerry Gaddis Recap Tax Season – EP10
There’s an Easier Way to Check Tax-Exempt Organization InfoFake charities aren’t a new development—they were once again featured in the IRS “Dirty Dozen”—but they remain an effective way for criminals…
Read more about IRS Announces New Tax Exempt Organization Search Tool
We’ve barely left the filing season for TY2017 behind and scammers are already showing they don’t have any deadlines. A new wave of phone scams, more devious than past attempts, has been…
It will come as no surprise to tax professionals that there were problems submitting returns to the IRS on Tax Day.Early yesterday morning, IRS systems experienced an issue that prevented the agency…
