Drake Software blog for tax pros, covering tax, IRS news, and more
The Internal Revenue Service says interest rates will remain the same for the calendar quarter that starts July 1. That means the rates will be:4 percent for overpayments (3 percent in the case of a…
Read more about IRS: No Interest Rate Change in Third Quarter
Five suspects were taken into custody by federal agents May 23 in Miami, Florida for their participation in a telephone scam against taxpayers. J. Russell George, Treasury Inspector General for Tax…
The Internal Revenue Service is warning taxpayers about a new scam that uses a fictitious tax to convince victims to wire money to the scammers’ account.The April 18 filing deadline has come and gone,…
Read more about Bogus “Federal Student Tax” Scam Making Rounds
When the Taxpayer Advocate Nina Olson addressed Congress at the end of 2015, she stressed that the IRS Future State plan required transparency and open discussion to succeed. In early 2016, she began…
Read more about Future State Sessions Featured at IRS Tax Forums
IRS Selects Random Get Transcript Page VisitorsIn line with the IRS’s Future State goal of broadening online customer service options, the IRS recently announced that new authentication and access…
Read more about IRS’s “Get Transcript Online” Program to Enter Beta Testing Soon
Industry Experts at IRS Auditorium, Discuss "Future State" PlanThe National Taxpayer Advocate Nina Olson yesterday held a public forum at the IRS Headquarters in D.C. to discuss the Future State plan.…
Read more about Taxpayer Advocate Holds Forum in Washington, DC
Some Tax-Exempt Forms are Open for Public Viewing; Don't Include Unnecessary InfoMay 16 is the filing deadline for some tax-exempt organizations, and, in the interest of combating identity theft, the…
Read more about IRS Issues Reminder to Prevent Tax-Related ID Theft
Last December, the PATH Act made permanent several tax extensions and incentives, including the Earned Income Tax Credit (EITC) and Additional Child Tax Credit (ACTC). It also included a provision…
Applications Accepted Starting July 1, 2016The IRS yesterday provided preliminary information pertaining to the professional employer organizations (PEOs) voluntary certification program that was…
Read more about IRS Guidance Announces Date for Voluntary Certification Program
We’re mere days away from the filing deadline, so it makes sense that the IRS would release a set tips to help avoid any last-minute bumps in the road. Yesterday they provided a list of seven things…
Read more about The IRS Issues “Last-Minute Tips” for 11th Hour Filers
