Drake Software blog for tax pros, covering tax, IRS news, and more
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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IRS Issues New Rules on Basis Allocation Rules for Partnerships The Internal Revenue Service (IRS) has issued a notice of proposed rulemaking and notice of public hearing related to the Disallowance…
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IRS Criminal Investigation Combats Identity Theft Refund Fraud The Internal Revenue Service (IRS) has seen a significant increase in refund fraud that involves identity thieves who file false claims…
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A Quick Primer for the 2014 Tax Season Tax season has arrived, and with it a number of changes that can have a significant impact on both individual and business clients. While we don’t have the…
IRS Statistics on individual Tax Returns for 2011 The Internal Revenue System has released its statistics on Tax Year 2011 individual returns filed in 2012. The data indicates some improvement in the…
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IRS Combats Identity Theft and Refund Fraud on Many Fronts Stopping identity theft and refund fraud is a top priority for the Internal Revenue Service (IRS). The agency’s work on identity theft and…
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