Drake Software blog for tax pros, covering tax, IRS news, and more
Representative Camp Releases Tax Reform Proposal Representative David Camp (R-MI), chairman of the House Ways and Means Committee, has released the draft of legislation for tax reform. The draft,…
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IRS: Volume High At Start of Tax Season WASHINGTON — The IRS announced that, three weeks into the filing season, it has received about one-third of the individual income tax returns that it expects…
IRS Releases the “Dirty Dozen” Tax Scams for 2014; Identity Theft, Phone Scams Lead ListIR-2014-16, Feb. 19, 2014WASHINGTON — The Internal Revenue Service today issued its annual “Dirty Dozen” list of…
IRS: Michael Jackson Assets UndervaluedThe Internal Revenue Service has filed documents in US Tax Court claiming that Michael Jackson’s estate has severely undervalued his image and music catalog,…
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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New IRS Tax Application May Make Data Vulnerable Information Week reports on a new IRS online tool that lets consumers download transcripts of their tax filings. But a former IRS attorney, Kenneth…
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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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