WASHINGTON — The Internal Revenue Service recently made it easier for small business owners to comply with the final tangible property regulations.Requested by many small businesses and tax…
WASHINGTON — The Internal Revenue Service yesterday warned that taxpayers should watch for improper claims for fuel tax credits, one of the “Dirty Dozen” tax scams for the 2015 filing season.“We will…
New ACA Quick Reference Guide Now AvailableDrake Software produced an ACA-related quick reference guide to help tax preparers during the 2015 filing season.Adobe Acrobat is recommended when viewing…
New ACA Reference Guide Now AvailableDrake Software compiled important ACA-related information to help tax preparers during filing season.Download the 2014 ACA Reference Guide now.Thank you!Drake…
On Tax IssuesThe Internal Revenue Service has issued technical guidance on three tax issues:Revenue Procedure 2014-62 announces the indexed applicable percentage table in Section 36B(b)(3)(A) of the…
New Documents Help Tax PreparersThe Internal Revenue Service has released three documents designed to assist tax preparers in working with their clients, and best practices with regard to Individual…
Read more about ACA Basics – IRS Resources and Best Practices for Tax Preparation Professionals
For Not Having Health Coverage If any of the following circumstances apply to you, you may qualify for a “hardship” exemption from the penalty:You were homelessYou were evicted in the past 6 months or…
Second Open Enrollment PeriodAccording to a November 2014 Kaiser Family Foundation article, many uninsured Americans do not know when the open enrollment period for acquiring insurance begins this…
NATP’s Annual Tax Software Survey The National Association of Tax Preparers (NATP) has released its annual survey of tax preparation software, “Sorting Out Software.” The NATP survey used a different…
End Game For Windows XPBy James Stork Senior Vice President, Drake Software While you’ve raced to the end of the 2014 tax season, your computer systems have reached another critical deadline: the…
