Drake Software blog for tax pros, covering tax, IRS news, and more
Preparers Suspected of Filing Inaccurate EITC Claims Receive Warning LettersDuring November and December 2013, the IRS will send letters to preparers suspected of filing inaccurate EITC claims. The…
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Inconsistent Adherence to Quality Requirements Continues to Affect the Accuracy of Some Tax Returns Prepared at Volunteer Sites Anonymous visits by Government auditors found accuracy problems with…
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Ineffective Income and Withholding Verification Hinder IRS in Detecting Fraudulent Returns The Treasury Inspector General for Tax Administration (TIGTA) has released the results of its review of the…
Tax Extenders Set to Expire It’s the time of year to again start thinking about expiring tax provisions. Usually the first thing that comes to mind is the alternative minimum tax, but this particular…
AICPA Wants More Tax Guidance from IRS for Same-Sex Couples The American Institute of CPAs has written a letter to the Internal Revenue Service identifying 17 areas in which the IRS should provide…
Seminars from the 2013 Forums Now Available at IRS Nationwide Tax Forums OnlineWashington ― The IRS today reminds tax professionals that they can earn continuing professional education credits online…
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What Tax Preparers Want to do to the Tax Code What do tax preparers think should be done to overhaul the tax code: Todd Kehoe, Research Director for the Albany Business Review, polled 25 of the top…
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TIGTA Finds IRS Weaknesses in Asset Management Controls Over its IT Assets Weaknesses in asset management controls at the Internal Revenue Service (IRS) leave information technology assets vulnerable…
IRS Adjusts 2014 Tax Benefits, Rate Schedules for InflationLast week, the Social Security Administration announced the 2014 Social Security cost-of-living benefit adjustment to account for (relatively…
Fast Track Settlement Program Now Available Nationwide; Time-Saving Option Helps Small Businesses Under Audit IR-2013-88, Nov. 6, 2013 The Internal Revenue Service today announced the nationwide…
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