Drake Software blog for tax pros, covering tax, IRS news, and more
According to a recent IRS press release, changes are coming to the Compliance Assurance Program (CAP), which has helped large corporations avoid tax problems by working closely with the IRS Large Business and International division prior to filing since 2005.…
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A report from the Treasury Inspector General for Tax Administration (TIGTA) finds that despite measures by the Internal Revenue Service to flag possibly fraudulent business returns, a significant number of bogus returns are slipping through.…
Read more about Audit Finds Business Identity Theft Controls Still Lacking
The Department of the Treasury and the IRS have issued some clarification on proposed regulation changes covering deducting charitable contributions when there’s also a state or local tax credit for the same contributions.…
When it comes to getting our information from the IRS now, security is king. So it only makes sense that the Internal Revenue Service is changing how it delivers the individual tax transcript to those taxpayers and tax pros who request it.…
Strong passwords are the first “lock” hackers and identity thieves will hit if they break into your computer. These new recommendations will help ensure those locks hold.…
The Internal Revenue Service says taxpayers need to check on their withholding levels to see if they have the right amount of tax held out of their paychecks. The reason is the new tax reform law that…
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A new federal report finds that more Americans may get an unpleasant surprise come April 15.…
The Internal Revenue Service says it will issue regulations on some tax law changes that affect 529 college savings plans.…
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The Internal Revenue Service has released a new, expanded guide for tax professionals that can be used in the fight to protect data.…
House Ways and Means Chairman Kevin Brady introduced the "House GOP Listening Session Framework," a two-page outline that proposes three separate pieces of legislation on Tuesday.…
