Drake Software blog for tax pros, covering tax, IRS news, and more
Looking BackIt was an exciting year for everyone here at Taxing Subjects. We covered interesting and relevant tax industry updates, interviewed successful tax professionals, and provided resources to…
Bipartisan Effort Passes Extenders; Makes Some PermanentWhen testifying before the House Ways and Means Committee in April, IRS Commissioner Koskinen feared Congress would delay passing extenders…
Today, the IRS issued a press release stating that the combination of tax extenders legislation, agency preparation, and help from tax professionals ensured that they will be able to begin tax season…
Read more about Just in Time: 2016 Tax Season Won’t be Postponed
Combat Identity Theft with Stronger Password SystemsInnumerable articles underscore the need for keeping unique, rotating passwords for every online account: email, social media, gaming,…
“Lowest Level of Funding Since 2008”Reinforcing sentiments from the written testimony submitted to the House Ways and Means Committee in April when speaking at the AICPA’s National Tax Conference,…
Read more about IRS Commissioner: Budget Cuts Bad for Preparers; Tax Season Might be Delayed
Suggests Improvements Cover a Variety of TopicsThe Information Reporting Program Advisory Committee (IRPAC), which is comprised of “financial services and payroll firms, colleges and universities, and…
On October 29, the IRS released part of their "Tax Preparedness Series" aimed at "taxpayers born before July 1, 1945," reminding them that the deadline for required minimum distribution payments (RMD)…
Read more about IRS Reminds Retirees to Take Retirement Plan Distributions
An IRS press release addressed two important issues:After December 31, non-credentialed tax return preparers who have not secured an AFSP record of completion will not be able to represent clients…
Read more about AFSP Deadline; Revised PTIN Application and Renewal Fee
An IRS press release addressed two important issues:After December 31, non-credentialed tax return preparers who have not secured an AFSP record of completion will not be able to represent clients…
Read more about AFSP Deadline; Revised PTIN Application and Renewal Fee (1)
IRS Warns of Fake Charity ScamsLast week the president declared a state of emergency for South Carolina, extending the October 15 tax deadline for "affected taxpayers in Bamberg, Berkeley, Calhoun,…
Read more about SC Flood Victims' Tax Deadline Extended; IRS Helps Donors Avoid Fake Charities
