Drake Software blog for tax pros, covering tax, IRS news, and more
The Internal Revenue Service is mailing out written notices to thousands of taxpayers who may have had their identities compromised due to a recent hack of the student aid application process.…
The use of virtual currency such as Bitcoin has been growing for all sorts of online financial transactions. But the Internal Revenue Service says they’re finding that very few of those transactions are being reported for tax purposes.…
Tax professionals are being warned to watch out for a new round of email scams that seek to steal their professional credentials and other critical information.…
The IRS recently warned seniors about the threat of scam phone calls from criminals hoping to capitalize on the urgency of tax season.…
An evaluation by the Treasury Inspector General for Tax Administration (TIGTA) shows that the Internal Revenue Service isn’t managing to keep up with the growing number of employers who knowingly fail…
Read more about TIGTA Finds Employment Tax Noncompliance Growing
Tax professions who need to reinstate their e-Services accounts have a little unexpected help available this week. The Internal Revenue Service added extra staff Tuesday with the mission of assist tax pros.…
Read more about IRS Has Extra Staff This Week for eServices Accounts
Tax professionals and taxpayers alike are being warned that new email scams could derail plans for a refund this tax season.As the filing season heads toward its April 18 deadline, identity thieves…
Read more about Late-Season Email Scams Unleashed This Tax Season
While the tax season thus far has been described as relatively problem-free, the Internal Revenue Service concedes the agency is still trying to come to grips with identity theft and quality-of-service issues.…
Read more about IRS Still Working to Cope with Identity Theft, Service Issues
A tool on the Internal Revenue Service website that allows students to download information from their tax returns – or the returns of their parents – has been taken offline unexpectedly.…
Winter Storm Stella battered the Northeast and Mid-Atlantic, knocking out power, grounding or delaying flights, and worse. As with other natural disasters, the Internal Revenue Service has stepped in to help affected taxpayers.…
Read more about IRS Grants Extension to Businesses Affected by Winter Storm Stella
