Drake Software blog for tax pros, covering tax, IRS news, and more
Richmond’s Taxpayer Protection and Preparer Fraud Prevention Act of 2013 would give the Internal Revenue Service more oversight to certify paid tax preparers and ensure they are “competent, of good character and able to render services.” The legislation also would allow the IRS to...…
Every year, the IRS releases its “Dirty Dozen” list of fraudulent tax practices that refund filers should be aware of. While these offenses occur year-round, the IRS stated they tend to happen more frequently and in greater numbers during filing season...…
The Internal Revenue Service has rejected a reward claim made by a whistleblower, former banker Joseph Insinga, who had sued the agency in a closely watched case. According to Reuters, the IRS told Insinga on April 15 that he was not entitled to a reward...…
The Internal Revenue Service today announced a three-month tax filing and payment extension to Boston area taxpayers and others affected by the April 15 explosions.…
The Internal Revenue Service has announced the release of IRS2Go 3.0, an update to its smartphone application that offers practical tax tools and information for the first time in either Spanish or English.…
This tax filing season the Internal Revenue Service may be monitoring social media for any clues of tax cheats.…
The IRPAC presents an annual report to the IRS Commissioner at a public meeting in the fall. The 2014 IRPAC committee will consist of 21 volunteers. Members are appointed to three-year terms by the Commissioner, but terms are ...…
The proposal intends to reduce the deficit by nearly $2 trillion during the next decade, through a combination of new revenues and budget cuts. The president says his proposed budget is not his ideal plan to cut the deficit, but...…
Since 1973, the Board of Tax Practitioners has protected Oregon consumers by ensuring tax preparers and consultants are competent and ethical in their professional activities. The board licenses about 4,400 tax practitioners in the state.…
Read more about Oregon Tax Preparers who Preyed on Immigrants are Shut Down...
According to the Obama Administration, the new steps will include increasing criminal sentences for those convicted of tax-related identity theft and creating new civil penalties for those who file fraudulent returns.…
