Drake Software blog for tax pros, covering tax, IRS news, and more
Thirteen Tax Provisions That Expire Starting This Year The staff of the Joint Committee on Taxation has prepared a list of Federal tax provisions (other than those providing time-limited transition…
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Some IRS Assistance and Taxpayer Services Shift to Automated Resources Given available resources and shifting taxpayer demands, the IRS will be making a number of taxpayer service changes for the 2014…
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IRS Re-Tools Programs To Assist Taxpayers Faced with a declining budget and increasing demand for services, the Internal Revenue Service is considering some major changes to ensure that it can meet…
Congress Looks To Ron Wyden (D-OR) To Continue Efforts To Reform Tax Laws The departure of the Senate’s Finance Committee Chair to become Ambassador to China could blunt any remaining momentum for tax…
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Tax Preparers Must Renew Their PTINs for 2014 The Internal Revenue Service today reminded professional tax return preparers to renew their Preparer Tax Identification Numbers (PTINs) if they plan to…
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KPMG Highlights 12 Key Business Tax Issues For 2014 KPMG LLP, the US audit, tax and advisory firm, has released a list of a dozen key tax issues that could impact businesses in 2014. Among the…
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IRS Proactive with Preparer Awareness EffortsThe Internal Revenue Service has launched its pre-filing season educational efforts with certain federal tax return preparers. Beginning in November 2013,…
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2014 Standard Mileage Rates The Internal Revenue Service issued the 2014 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable,…
Koskinen Approved By Senate Committee to Head IRS John Koskinen, the 74-year-old multimillionaire with a long history of accomplishments, has been approved by the US Senate Committee on Finance to…
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IRS Offers Expanded Guidance on Taxation of Benefits for Same-Sex SpousesThe Internal Revenue Service has issued additional guidance on the application of rules under Section 125 of the Internal…
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