Drake Software blog for tax pros, covering tax, IRS news, and more
The IRS is stepping up its efforts to promote the voluntary Annual Filing Season Program (AFSP) today as it begins to send informational emails to approximately 390,000 tax return preparers regarding…
Read more about IRS Return Preparer Office to Email 390,000 Tax Return Preparers About AFSP
The Internal Revenue Service recently published Notice 2014-57, an annual notice providing the 2014-2015 special per diem rates for taxpayers to use in substantiating the amount of ordinary and…
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Message on RPO Facebook PageCarol Campbell, IRS Return Preparer Office Director, recently promoted the IRS’s voluntary Annual Filing Season Program on Facebook. The post shared many details about the…
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PTINs Must be Renewed AnnuallyThe IRS wants more PTIN (Preparer Tax Identification Number) holders to convert from paper PTIN accounts to online accounts. Over the next couple weeks, roughly 30,000…
Read more about 30,000 PTIN Holders Will Receive a Letter From the IRS Starting This Week
Await November Elections One of the casualties of the coming election in Congress is a bill that would extend a package of 50 tax breaks worth $85 billion over the next 10 years to individuals and…
IRS Publication 5172, Facts about Health Coverage Exemptions This provides information for taxpayers who qualify for and may claim exemption from minimum essential coverage so that they do not need to…
Free Online System Makes it Easy for People to Pay Their Federal TaxesIRS Issue Number: IR-2014-89Tax Payments Top the One Million Mark with New IRS Direct Pay; Free Online System Makes it Easy for…
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700,000 Tax Preparers Expected to Join An estimated 700,000 tax preparers are expected to join in a new class-action lawsuit filed by Allen Buckley of Allen Buckley Law in Atlanta, GA, and Stuart…
Read more about Class-Action Lawsuit Filed over IRS PTIN Fees
Renewal registration for CTEC Registered Tax Preparers (CRTPs) starts August 1, 2014. All registrations must be renewed online by midnight on October 31, 2014.To renew, CRTPs will need:20 hours of…
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Statistics of Income BulletinThe Internal Revenue Service today announced that the summer 2014 issue of the Statistics of Income Bulletin is available at IRS.gov. The Statistics of Income (SOI)…
Read more about Summer 2014 Statistics of Income Bulletin Now Available
