Drake Software blog for tax pros, covering tax, IRS news, and more

IP PIN Program Expands

IP PIN Program Expands

The IRS is expanding the Identity Protection Personal Identification Number (IP PIN) pilot program, so taxpayers in seven additional states will be able to add an extra layer of security to their federal tax return.…

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Private Debt Collectors Recovered Just 2 Percent of Owed Taxes

Private Debt Collectors Recovered Just 2 Percent of Owed Taxes

In 2017 the IRS embarked on a familiar quest: to collect outstanding taxes from delinquent taxpayers. Some members of Congress thought private industry could succeed where the IRS had fallen short previously, and inserted language into a highway funding bill that mandated the IRS use private debt collection firms to recover the back taxes.…

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IRS Adds Tax Reform Resources for Businesses on its Website

IRS Adds Tax Reform Resources for Businesses on its Website

A lot has been said and written about the tax reform legislation that went into effect in 2017. Termed the Tax Cuts and Jobs Act, the new law made some big changes to the tax code aimed at helping business. But despite the press attention, the law’s bottom line for business isn’t always easy to predict.…

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When Will Tax Court Reopen?

When Will Tax Court Reopen?

The president announced he would sign a stopgap spending bill reopening the government until February 15, and given the shutdown had stretched into 35 days—the longest in US history—it raised a question about Tax Court: when will it reopen?…

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It's EITC Awareness Day!

It's EITC Awareness Day!

The IRS is in the middle of its EITC Awareness Day outreach campaign, partnering with members of the tax industry to spread the word about the Earned Income Tax Credit, which IRS Commissioner Chuck Rettig says can be extremely helpful for qualifying taxpayers.…

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