Drake Software blog for tax pros, covering tax, IRS news, and more
The Internal Revenue Service’s Criminal Investigations division (CI) has issued a glowing report of its activities for the past year.…
Read more about IRS Criminal Investigations Report Touts Year’s Successes
The Government Accountability Office recently audited the Internal Revenue Service’s financial statements for the 2017 and 2018 fiscal years.…
Guidance issued by the Internal Revenue Service shows tax reform legislation that took effect in 2018 pushes the caps on contributions to higher levels in 2019.…
Read more about Tax Reform Expands Retirement Contribution Limits
A study by the Government Accountability Office shows that whistleblowers may not be getting the reward money they’re entitled to after alerting the IRS to illegal foreign bank accounts.…
Read more about GAO Finds IRS May be Shortchanging Whistleblowers
The Internal Revenue Service says it is expanding the role of one of its advisory committees, by combining it with two other advisory panels.…
Five members of a criminal ring that posed as IRS agents to extort money from taxpayers have been sentenced to federal prison. Their sentences ranged from over 11 years to nearly 4 years.…
Read more about IRS Impersonators Sentenced to Federal Prison Terms
The Treasury Inspector General for Tax Administration (TIGTA) released a report on October 4 that found the IRS needs to do a better job when investigating section 501(c)(4) organizations suspected of engaging in “impermissible political activity.”…
Read more about TIGTA Audit Finds IRS Needs to Improve 501(c)(4) Examinations
The Internal Revenue Service has scheduled three national webinars giving tax professionals an overview of the tax reform changes they’ll face in the coming 2019 tax season.…
The “Future State” initiative debuted in 2014 and featured an online portal that allowed taxpayers to communicate with the IRS and to deal with their taxes online.…
Read more about IRS Future State Shifted to Part of Five-Year Plan
According to NOAA, we are well into the worst part of hurricane season—a fact punctuated by two significant storms making landfall less than one month apart. While emergency workers brave treacherous conditions to restore shattered communities, other state and federal agencies help the recovery effort in other ways.…
Read more about Tax Relief Coming for Taxpayers Affected by Hurricane Michael
