Drake Software blog for tax pros, covering tax, IRS news, and more
An interim process aimed at helping displaced workers and retirees pay for health insurance isn’t screening applicants correctly, an audit has found.…
Read more about TIGTA Says Health Coverage Tax Credit Process Flawed
A new report from the Government Accountability Office finds that some federal agencies aren’t following through on a key anti-identity-theft measure.…
Read more about Report: Federal Effort to Restrict Use of SSNs Found Lacking
The IRS yesterday reminded tax professionals that there is an early bird discount for tax forum registration.…
The Internal Revenue Service recently announced that it will again be performing its annual Memorial Day systems maintenance.…
Read more about Memorial Day Reminder: IRS E-Services will be Down for Maintenance
As spring rockets into summer, time is also slipping away to pre-register for one of the five Nationwide Tax Forums for 2017 put on by the Internal Revenue Service.…
June 18 has been offered as a tentative date for the rollout of the Internal Revenue Service’s e-Services platform to a more secure, more modern system.…
The new wage verification process inaugurated for the tax year 2016 filing season holds hope in the fight against fraudulent income tax returns, a new report finds, but the Internal Revenue Service faced more than a few challenges in carrying out the plan.…
Read more about GAO: W-2 Verification Promising, but More Work Remains
Millions of Americans engage in hobbies that may also be a source of income. And it’s that last word – income – that raises the attention of the Internal Revenue Service.…
Read more about Is Your Hobby a Business? How the IRS Decides
A lot of ink and hype have been expended lately about the drivers for a certain ride-hailing company, and whether those drivers are employees or independent contractors.…
Read more about Is Your Client an Employee or Independent Contractor? It Pays to Know the Difference
Preliminary numbers are in on income tax return filings for Tax Year 2016, and they add up to a busy season.…
