Drake Software blog for tax pros, covering tax, IRS news, and more
A recent federal court ruling that struck down the Internal Revenue Service’s user fee for issuing or renewing Preparer Tax Identification Numbers (PTINs) took away the fee, but left the PTIN itself…
Scammers have dusted off an old racket and added a couple of new twists in hopes of swindling taxpayers out of their money. The Internal Revenue Service says this scheme has been reported across the country, and asks taxpayers to be alert.…
The most popular phrase heard around Missouri these days may well be, “Show me the money.” Thousands of the state’s taxpayers say they’re still waiting for the state Department of Revenue to release their income tax refunds.…
Read more about Missouri Taxpayers Still Waiting on State Tax Refunds
The Internal Revenue Service has announced that new bells and whistles have been added to its online accounts for individual taxpayers.…
Read more about New Features Added to IRS Online Taxpayer Accounts
The Internal Revenue Service has granted tax relief for victims of the recent severe storms in Missouri. The April storms produced straight-line winds, tornadoes and flooding in at least 26 counties.…
Read more about Missouri Storm Victims May Qualify for Relief
The Internal Revenue Service got some good news from a recent audit, which found the agency has made substantial headway in its assistance to victims of identity theft.…
Read more about IRS Improves Assistance to Identity Theft Victims
The Internal Revenue Service’s Preparer Tax Identification Number (PTIN) renewal system has been taken offline after a ruling by the United States District Court for the District of Columbia.The court…
The decision to renew the use of private debt collectors to collect back taxes has the Treasury Inspector General for Tax Administration (TIGTA) a little worried.…
Read more about IRS Private Debt Collectors Raise Concerns About Scams
A recent Tax Court ruling is clear that do-it-yourself tax software is no shield against improper deductions.…
When presidents release budget proposals, they are more or less providing lawmakers with a wish list, and this budget includes tax return preparer oversight.…
Read more about Tax Professional Oversight? It's in the Budget
