Drake Software blog for tax pros, covering tax, IRS news, and more
With the TY2017 tax season coming down to the final hours, the acting IRS commissioner feels pretty good about his agency’s performance thus far. But the big crunch, he says, comes after tax deadline…
Read more about For IRS, the Real Work Starts After Tax Season
The April 17 deadline for filing will bring this tax season to a close before we know it. So it makes sense that the bad guys are planning to make hay while the sun shines. Identity thieves and…
The Internal Revenue Service is reminding taxpayers that time is short to file their 2014 income tax return for a refund. Some $1 billion in refunds is yet unclaimed from TY2014. In order to claim a…
Read more about Time Running Short to File 2014 Returns for Refund
Keeping Your Facebook and Twitter Accounts SafeWe’ve all been there: one of your Facebook friends sends a bizarre message containing a suspicious link, and the next day, you get a phone call about…
The House Ways and Means Committee on Monday issued a press release announcing a discussion draft for the Taxpayer First Act, a bipartisan effort aiming to “redesign the Internal Revenue Service (IRS)…
Read more about House Ways and Means Oversight Subcommittee Proposes IRS Reform
Baffled by Bitcoin? In the dark over Litecoin but find Ethereum engaging?No matter what your attitude toward the use of virtual currency, the Internal Revenue Service wants you to know that there’s…
In our last post, we laid out this year’s “Dirty Dozen” tax scams as ranked by the Internal Revenue Service. The annual list looks at the worst scams likely to beset taxpayers and tax pros during the…
Every tax season, the Internal Revenue Service releases what it terms the “Dirty Dozen” list of top tax scams. While some of the scams listed may not change from year to year—if the bad guys find a…
Income tax professionals from preparers to CPAs and EAs are being reminded to maintain and monitor their various identification numbers that enable them to e-file.The reminder comes from the Security…
Read more about Security Summit Reminds Tax Pros to Protect EFINs, PTINs
When the Bipartisan Budget Act was passed in February, some early filers needed to submit amended returns to take advantage of the retroactive tax extenders that were included in the legislation.The…
Read more about Drake Tax Ready to Process All Bipartisan Budget Act Extenders
