Drake Software blog for tax pros, covering tax, IRS news, and more
To quote the Internal Revenue Service: Small business identity theft is big business. That’s because identity thieves have learned to use a business’s information to file bogus income tax returns or…
Read more about Know the Signs of Small Business Identity Theft
The third National Tax Security Awareness Week tip from the IRS includes five steps for addressing identity theft.…
As we hurtle into the holidays, rest assured the hackers and fraudsters are working feverishly to put the bow on their newest phishing email scam. And it’s aimed squarely at you.…
We recently reported on the Internal Revenue Service’s Advisory Council (IRSAC) report that stresses that inadequate funding is severely hampering the agency’s ability to serve individual taxpayers.…
The Internal Revenue Service Advisory Council (IRSAC) has issued its annual report to the agency, and once again is calling on Congress to adequately fund the IRS so it can fulfill its mission to the American people.…
Read more about IRS Advisory Council Renews Call for Adequate Funding
No doubt about it, the sharing economy is big business. Thousands of Americans participate, from offering homes to travelers to running errands for subscribers or giving rides around town. But taking…
IRS Modernized e-file for Tax Year 2016 closes on Saturday, November 18—even for taxpayers in disaster areas and those who qualified for a January 31, 2018 extension.…
Read more about Modernized e-File Closing for Tax Year 2016 on November 18
President Trump today announced Assistant Secretary of the Treasury for Tax Policy David Kautter would succeed Koskinen as acting commissioner—easing uncertainty concerning a gap in leadership at the agency.…
No doubt individual returns have gotten the bulk of press coverage on identity theft recently. But fraudsters and identity thieves have begun to include businesses and non-profits in their list of targets.…
For John Koskinen and the members of the Security Summit, it’s been a pretty good year. Koskinen, the commissioner of the IRS, joined the Security Summit this week in praising the advances made in the fight against identity theft, while laying the groundwork for the 2018 filing season.…
