Drake Software blog for tax pros, covering tax, IRS news, and more
In July, August, and September, the IRS is hosting a series of ACA-related webinars focusing on businesses providing health coverage for employees. Below are the subjects and dates of the IRS webinars…
Next week, the IRS will begin hosting the Nationwide Tax Forums, a series of three-day conferences covering ethical and legal issues facing the tax industry. Attendees can earn CPE, attend live…
There is no question that identity theft – particularly as it relates to taxes – is a major criminal activity and a serious threat. The Federal Trade Commission (FTC) notes that last year this…
By a vote of 6-3, the United States Supreme Court (SCOTUS) upheld the Patient Privacy and Affordable Care Act (ACA), ruling that the intent of the law was to ensure nationwide health care coverage. …
Read more about Supreme Court Upholds Federal Subsidies For The ACA
The IRS announced that roughly 44,000 tax return preparers earned a record of completion after participating in the first Annual Filing Season Program. As previously reported, those individuals…
Today, the IRS reminded taxpayers that money spent on summer day camps can be eligible for a tax credit if the attending child or dependent qualifies under the rules outlined in Publication 503. This…
Yesterday, the IRS released a tax tip pertaining to the upcoming June 15 deadlines for U.S. citizens living abroad and foreign financial accounts. The reminder provides basic instructions for…
On the heels of catastrophic flooding in Oklahoma and Texas and the official start of hurricane season, the IRS issued a tax tip reminding taxpayers and preparers that there are multiple ways the…
Today the IRS confirmed that Get Transcript - an application allowing taxpayers to review "line-by-line tax return information or wage and income reported to [the IRS]" - was illegally accessed…
Since the DC Court of Appeals upheld the district court ruling in Loving v. IRS – which determined that the IRS does not have the authority to require certification exams of tax preparers – the IRS…
