Drake Software blog for tax pros, covering tax, IRS news, and more
Attention non-credentialed tax return preparers:Drake now offers everything you need to earn your Record of Completion through the IRS’s voluntary Annual Filing Season Program (AFSP). You can complete…
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New Act Introduced by House Democrats Would Provide Tax Relief for Underwater Student BorrowersRepresentatives Mark Pocan (WI) and Frederica Wilson (FL), both currently serving on the House Education…
IRS Releases Draft Versions of New Affordable Care Act FormsAs a tax software company, we get excited when the IRS releases a new form for the upcoming season. Forms drive our development cycle, and…
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Open a my Social Security Account to Learn About BenefitsThe week of August 17 is National My Social Security Sign-up Week. A personal online my Social Security account is a valuable source of…
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IRS Budget Sliced 13% as U.S. House Constrains Tax Agency The US House of Representatives voted to cut the Internal Revenue Service’s budget by $1.14 billion in an effort to rein in unnecessary audits…
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HOUSE PASSES BAN ON INTERNET ACCESS TAXES The House of Representatives today passed H.R. 3086, the Permanent Internet Tax Freedom Act (PITFA), by a voice vote. This broadly bipartisan legislation…
National Taxpayer Advocate Identifies Priority Areas and Challenges in Mid-Year Report to Congress WASHINGTON — National Taxpayer Advocate Nina E. Olson has released her statutorily mandated mid-year…
AICPA Sues IRS Over “Voluntary” Program For Preparers The American Institute of CPAs (AICPA) has filed suit against the Internal Revenue Service and John A. Koskinen, in his capacity as Commissioner…
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Treasury Inspector General: IRS Could Lose Billions on Amended ReturnsThe Internal Revenue Service (IRS) should revise Form 1040, U.S. Individual Income Tax Return, to allow for corrections to…
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Microsoft: Windows 7 Support Ending At the height of tax season, Microsoft retired Windows XP and announced the debut of Windows 8.1. Now the company is warning of other major software changes…
