Drake Software blog for tax pros, covering tax, IRS news, and more
Crowd-Sourcing Effort Aims to Improve Service for TaxpayersThe IRS recently announced that they are teaming with the Mortgage Bankers Association (MBA) to start the Tax Design Challenge, a new…
Rates Going Up This April, May, and JuneLast week, the IRS released the corrected Q2 interest rates, indicating the first such increase since Q4 2010. An official revenue ruling, dated April 4, 2016,…
Last Year that C and S Corporation Deadlines will Fall on the Same DayTomorrow at midnight is the last moment to meet the filing and extension-request deadline for calendar-year corporation, C…
Read more about Deadline: Calendar-Year Corporation, C Corporation, and S Corporation
Last Year that C and S Corporation Deadlines will Fall on the Same DayTomorrow at midnight is the last moment to meet the filing and extension-request deadline for calendar-year corporation, C…
Read more about Deadline: Calendar-Year Corporation, C Corporation, and S Corporation (1)
Taxpayers Now Need to Call the IRS to Retrieve Lost or Forgotten IP PINsThe IRS announced yesterday that they would be temporarily suspending the IRS.gov Identity Protection PIN tool while they work…
Tomorrow is the tax deadline for farmers and fishermen, and the IRS advertised their Direct Pay tool as a way that taxpayers can quickly pay their owed taxes. The IRS press release pointed out that…
Read more about March 1 is the Deadline for Farmers, Fishermen
Tuesday's Forum Intended to be First in a SeriesWhile delivering the 2015 Annual Report to Congress in January, National Taxpayer Advocate Nina E. Olson announced that she would hold a series of…
Read more about Public Forum to Address the Need for Taxpayer Services
January Incidents Jump from 254 in 2015 to 1,026 in 2016IRS Commissioner Koskinen warned tax professionals and taxpayers alike about a significant surge in online tax-related fraud, noting that the…
Read more about IRS Reports 400% Increase in Phishing Attempts This Year
Signed into law on March 23, 2010, the Patient Protection and Affordable Care Act (also known as the Affordable Care Act, ACA, or ObamaCare) has been in effect for long enough for most of the issues…
Read more about ACA Update: How it Will Affect Tax Professionals
Over 100,000 E-File PINs AccessedThis week, the IRS released a statement regarding an automated attack on the E-Filing PIN application on their website that involved stolen Social Security numbers.…
Read more about Stolen SSNs Used to Hack IRS E-Filing PIN App
