Drake Software blog for tax pros, covering tax, IRS news, and more
The office tasked with overseeing the Internal Revenue Service says the agency hasn’t improved procedures enough when it comes to reviewing amended tax returns.…
Read more about TIGTA Finds IRS Needs More Work on Amended Returns
The IRS is joining with its Security Summit task force to warn tax professionals about the continuing threat posed by phishing emails to their data security efforts.…
Read more about IRS Covers Phishing Scams in "Taxes-Security-Together" Campaign
Senate Finance Committee Chairman Chuck Grassley pushed Congress to revive the tax extenders that expired at the end of 2018 in a press release issued last month.…
Read more about Finance Chair Wants to Bring Back Tax Extenders
If you’ve always deducted your business vehicle expenses in the past, read on. With the recent changes in the tax code, not everyone can still claim the deduction. Some taxpayers can, but some…
Read more about Don’t Get Left Behind on Auto Expense Deductions
The IRS recently highlighted how the Tax Cuts and Jobs Act affected whistleblowers who submit information to the IRS Whistleblower Office.…
Read more about IRS Highlights New Whistleblower Notification Process
The nation’s tax practitioners are being reminded federal law requires them to create a written security plan to help protect their clients’ data.…
Bulgaria’s government has confirmed hackers stole the financial data of millions of its citizens.…
Read more about Hackers Steal Financial Data of Millions of Bulgarians; One in Custody
The Internal Revenue Service has published a draft of a new tax return targeted at senior citizen taxpayers.…
Read more about New 1040 for Seniors and Updated 1040 Unveiled
For some years now we’ve heard about how the Information Technology systems inside the Internal Revenue Service need major upgrades.…
The IRS announced that more Ohio taxpayers may be eligible to receive tax relief following the devastating tornadoes that swept across the state at the end of May.…
