Drake Software blog for tax pros, covering tax, IRS news, and more
The Illinois Department of Revenue recently announced it is in the final stages of internal front-end testing and hopes to finish up this weekend. If that happens, it could begin processing Illinois…
Read more about Illinois DoR e-File Processing Delay to End Soon
New ACA Quick Reference Guide Now AvailableDrake Software produced an ACA-related quick reference guide to help tax preparers during the 2015 filing season.Adobe Acrobat is recommended when viewing…
TIGTA Reminds Taxpayers to Beware of Calls from IRS Impersonators this Filing SeasonWASHINGTON — As the 2015 tax filing season begins, the Treasury Inspector General for Taxpayer Administration…
IRS Warns Against Tax ScamsWASHINGTON — Aggressive and threatening phone calls by criminals impersonating IRS agents remain near the top of the annual "Dirty Dozen" list of tax scams for the 2015…
In the waning hours before turning control of the Senate Finance Committee to the new Republican leadership, Sen Ron Wyden (D-OR) re-introduced his bill to regulate tax preparers. Co-signing the bill…
WASHINGTON — On January 12 the Internal Revenue Service announced the opening of the International Data Exchange Service (IDES) for enrollment. Financial institutions and host country tax authorities…
Read more about IRS Launches International Data Exchange Service
Notice 2015-3 provides rules for claimants to make one-time claims for the retroactively extended 2014 biodiesel mixture and alternative fuel excise tax credits. It also provides guidance for…
Online Tools Designed to Assist PreparersFiling Season Starts January 20. Are you ready? The IRS has a variety of online tools to assist you this filing season. Visit Basic Tools for Tax…
The IRS recently published the hours of operation for their eHelp service. This document identifies upcoming holidays that the eHelp office will be closed:Due to Budget restrictions for 2015, extended…
Read more about Press Release: IRS Cuts eHelp Hours For Tax Professionals
Laws under our legislative system don’t always contain all of the information needed to determine what the legislators had in mind when they approved the law. Sometimes errors are made in the…
Read more about Asking the Right Questions About Improper Tax Credits
