Drake Software blog for tax pros, covering tax, IRS news, and more
The partial federal government shutdown is in its nineteenth day, and it seems some federal services will be unavailable for the foreseeable future.…
Read more about Government Shutdown Causes Cancellation of IRS Public Hearing
Late yesterday afternoon, the Internal Revenue Service issued a press release revealing that January 28 will officially kick off the 2019 filing season.…
Our friends at the Latino Tax Professionals Association recently published an article outlining specific services that will and will not be available should the government shutdown continue.…
Read more about Here's What the Government Shutdown Means for the IRS and for Taxpayers
February 4, 2019 will mark the end of the Internal Revenue Service faxing tax transcripts to individuals and tax professionals. According to the IRS Newswire, tax industry feedback helped contribute to the decision to stop the practice.…
Read more about IRS Will Not Fax Tax Transcripts after February
On Wednesday, the Department of Health and Human Services released a statement about a Texas court ruling that found the Affordable Care Act is unconstitutional following the elimination of the individual mandate for having health insurance.…
Read more about The Department of Health and Human Services Issues Statement about ACA Court Ruling
According to the Internal Revenue Service, there are two new “business email compromise/business email spoofing (BEC/BES)” spear-phishing scams targeting tax professionals: the direct-deposit scam and the wire-transfer scam.…
If an identity thief manages to steal a tax preparer’s client data, where does it go? An IRS investigator gives us a chilling roadmap for stolen data’s journey—from closely guarded identification to illegal commodity.…
The tax reform package that went into effect at the end of 2017 effectively doubled the standard deduction for individuals.…
Read more about Tax Reform Likely to Result in Fewer Taxpayers Who Itemize
https://www.irs.gov/newsroom/tax-relief-for-victims-of-november-8-wildfires-in-california…
Read more about California Declared Federal Disaster, Receiving Tax Relief
The Internal Revenue Service is reminding taxpayers and tax professionals that more families should be able to get more money this next tax season under the revised Child Tax Credit.…
Read more about Reminder: New Tax Law Revised Family Tax Credits
