Drake Software blog for tax pros, covering tax, IRS news, and more
Goldwater Institute Challenges Independent Payment Advisory Board Washington—Today 25 members of Congress filed a “friend of the court” brief urging the U.S. Supreme Court to hear a legal challenge to…
Vitter will continue to push for a full vote on his No Washington Exemption legislationWednesday, December 10, 2014(Washington, D.C.) – The Senate Republican Conference accepted a rule proposed by…
Read more about Press Release: Republican Senators Vote to Treat Congress Equally Under Obamacare
The Internal Revenue Service has issued technical guidance for the following issues: Notice 2014-78 provides guidance on the corporate bond monthly yield curve, the corresponding spot segment rates,…
Read more about IRS Publishes Technical Guidance On Four Issues
An $11 billion bill that would permanently restore expired tax breaks for donations of food, charitable contributions from certain retirement accounts and for land conservation faced a sudden setback…
Read more about Permanent Charity Tax Breaks Face White House Veto
IRS YouTube Videos:Required Withdrawals from Your IRA: English | Spanish | ASLPodcasts:Required Withdrawals from Your IRA: English | SpanishIR-2014-112, Dec. 8, 2014WASHINGTON — The Internal Revenue…
Read more about Most Retirees Need to Take Required Retirement Plan Distributions by Dec. 31
WASHINGTON -- The Treasury Inspector General for Tax Administration (TIGTA) publicly released its audit report on the effectiveness of the Internal Revenue Service’s (IRS) efforts to increase the…
Video: What If?People facing financial difficulties may find that there's a tax impact to events such as job loss, debt forgiveness or tapping a retirement fund. For example, if your income decreased,…
Delays ContinueDelays Continue in Completing Agreements to Share Information With Prisons, and Reports to Congress Are Not Timely or CompleteWASHINGTON – Tax refund fraud associated with prisoner…
Effect of Sequestration on Small Business Health Care Tax Credit - Tax-Exempt Employers OnlyDue to sequestration, refund payments issued to certain small tax-exempt employers claiming the refundable…
Read more about ACA Basics Effect of Sequestration on Small Business
For Not Having Health Coverage If any of the following circumstances apply to you, you may qualify for a “hardship” exemption from the penalty:You were homelessYou were evicted in the past 6 months or…
