Drake Software blog for tax pros, covering tax, IRS news, and more
Source: 2014 NATP Tax Professional Fee Survey The National Association of Tax Professionals has released its survey of the number of tax returns prepared in 2014 and the average fees charged for those…
Read more about Preparer Fees and Returns Prepared Increased In 2014
Who are the Victims of Tax-Related Identity TheftWASHINGTON – The Internal Revenue Service (IRS) is not providing personal identity numbers to all taxpayers who are the victims of tax-related identity…
Scam Phone Calls Continue; IRS Unveils New Video to Warn Taxpayers IRS YouTube Video:IR-2014-105, Oct. 31, 2014WASHINGTON — As incidents of an aggressive telephone scam continue across the country,…
Read more about Scam Phone Calls Continue; IRS Unveils New Video to Warn Taxpayers
While media and analyst attention has been focused on control of the Senate and the 36 state gubernatorial races, election watchers also note that there are 16 state ballot measures worthy of…
Not on the List to Review for 2014 TermThe US Supreme Court has released the list of cases it will take up in the 2014 term, and the petition that challenges a key part of the Obamacare healthcare law…
As of May 2, 2014, the IRS Received More than 135.5 Million Individual Income Tax ReturnsWASHINGTON – The Treasury Inspector General for Tax Administration (TIGTA) released its annual review of the…
Read more about Key Tax Provisions Were Implemented Correctly for the 2014 Filing Season
Taxpayers May Contribute up to $18,000 to their 401(k) plans in 2015IR-2014-99, Oct. 23, 2014WASHINGTON — The Internal Revenue Service today announced cost‑of‑living adjustments affecting dollar…
The AICPA Lacked Standing and Would not be Harmed by a Voluntary Program The US District Court for the District of Columbia has dismissed a lawsuit against the Internal Revenue Service by the American…
Read more about Court Dismisses AICPA Lawsuit Against the IRS
Does Your Customer’s Health Insurance Meet The Minimum Standards? The Affordable Care Act calls for individuals to have qualifying health insurance coverage for each month of the year, have an…
Business e-File Rose Nearly 10%Business e-file rose nearly 10 percent this year, continuing the growth that has seen the number of corporate and partnership returns filed electronically double in just…
Read more about 7 in 10 Corporate and Partnership Tax Returns Now Filed Electronically
