Drake Software blog for tax pros, covering tax, IRS news, and more
Filing Season 2014 Begins with More Returns Filed IR-2014-15, Feb. 14, 2014WASHINGTON — The IRS today announced that tax filings in 2014 have outpaced filings for the same time last year. As of Feb.…
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White House delays health insurance mandate for medium-sized employers until 2016The Obama administration announced it would give medium-sized employers an extra year, until 2016, before they must…
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Appeals Court Rules In Favor Of Independent Tax PreparersThe Circuit Court of Appeals for the District of Columbia today ruled that the IRS has no legal authority to impose nationwide licensing and…
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Inspector General: ACA Will Pose Challenges for IRSThe Office of the Treasury Inspector General (TIGTA) has released a report indicating that when the IRS assumes responsibility for customer service…
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Report on SEC Accounting and Finance Enforcement If the public statements of the SEC Commissioners and staff are to be believed, brace yourself for the coming wave of financial reporting and…
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Number of PTIN Holders Up 50,000 Accounting Today reports that the IRS Return Preparer Office has updated total numbers of federal return preparers who hold PTINs. According to the RPO, 743,331…
IRS Kicks Off 2014 Tax Season; Individual Returns Can Be Filed Now; Free Online Services Available to Help With Filing, Refunds, EITC WASHINGTON — The Internal Revenue Service today opened the 2014…
IRS Proposes Guidelines for ACA “Individual Mandate”The Journal of Accountancy reports that proposed regulations issued by the IRS this week provides guidance on handling the Sec. 5000A “individual…
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IRS Extends Key Deadline for New Tax BreakDeborah L. Jacobs, writing in Forbes Magazine, notes that the IRS released a ruling that will make things considerably easier for married couples to carry…
Expert Warns of ACA “Double Whammy” for Small BusinessDaniel Hood of Accounting Today reports on an expert warning small businesses that changes to the Affordable Care Act for 2016 could force…
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