Drake Software blog for tax pros, covering tax, IRS news, and more
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
Senators Wicker and Nelson Call on IRS to Address Tax Refund Fraud Bipartisan Coalition Urges Agency to Make Fraud Reduction a Top PriorityWASHINGTON – U.S. Senators Roger Wicker, R-Miss., and Bill…
Information for Employers About Their Responsibilities Under the Affordable Care Act If you are an employer, the number of employees in your business will affect what you need to know about the…
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Employer Shared ResponsibilityOn Feb.10, 2014, the U.S. Department of the Treasury and the Internal Revenue Service (IRS) issued final regulations implementing the employer responsibility provisions…
WASHINGTON – The Internal Revenue Service (IRS) is authorized to disclose limited tax information to Affordable Care Act Exchanges when an applicant seeks financial assistance in obtaining health…
Any person who prepares, or assists in preparing, a tax return must renew their Preparer Tax Identification Number (PTIN). This includes CPAs and Enrolled Agents as well as independent preparers.All…
California's health insurance exchange – Covered California – has begun sending “pre-termination” notices this week to 10,474 people who failed to prove their citizenship or legal residency in the US…
Read more about Covered California To Drop Health Care For More Than 10,000
