Drake Software blog for tax pros, covering tax, IRS news, and more
No Columbus Day Downtime for Modernized e-FileResponding to concerns, the IRS will keep Modernized e-File in operation over the Columbus Day weekend. However, other services will be brought down for…
Read more about IRS Changes Maintenance Schedule Amid Preparer Concerns
IRS Offers Advice for Those with Extensions Expiring on October 15October 15 is the deadline for 13 million taxpayers with a tax-filing extension, and the IRS wants to make sure those…
Disaster Declaration Means Tax Relief for Affected California Residents and BusinessesAfter the President declared California's Lake and Calveras counties federal disaster areas, the IRS reported…
Senators Hatch and Wyden Announce Bill from Joint Committee on TaxationThe effort by the Internal Revenue Service to regulate professional tax preparers gained new life this week when Senate Commerce…
Read more about Plans Resume For Regulation of Tax Preparers
New Guide Helps With Low Income Housing CreditLast Friday the IRS released the Low Income Housing Credit Audit Technique Guide, which - as the article states - "explains examination techniques, as…
Read more about IRS Publishes Low Income Housing Credit Audit Technique Guide
Deep Analysis of "Get Transcript" Incident Finds 220,000 Additional BreachesYesterday, the IRS issued a press release detailing new findings related to the "Get Transcript" data breach that was…
A key component of strategic planning for any company is an understanding of the analytics for the industries in which they participate. For tax preparations services, that can be a problem.Much of…
Reconcile Premium Tax Credit Before October 15 Deadline for 2016 EligibilitySome of your clients who received advanced payment of their Premium Tax Credit may have received an IRS Letter 5591 or…
If your client, her spouse, or one of their dependents are attending college in the fall, the IRS has several back-to-school education tax credits available for families considering higher education.…
IRS Tax Tips Cover Filing Deadline and Self-Insured EmployersThis week, the IRS released tips for taxpayers: the first regarding the deadline for those with an automatic six-month filing extension,…
