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Drake Software blog for tax pros, covering tax, IRS news, and more

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Report: IRS Develops ACA Health Care Premium Tax Credit System

admin taxing_subjects - December 08, 2013
Report:  IRS Develops ACA Health Care Premium Tax Credit System

Report:  IRS Develops ACA Health Care Premium Tax Credit SystemThe Internal Revenue Service (IRS) has completed development and testing of software to calculate the Advanced Premium Tax Credit and the…

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New Website: Overview of the Affordable Care Act's Tax Implications

admin taxing_subjects - March 18, 2013
New Website: Overview of the Affordable Care Act's Tax Implications

A new website provided by Drake Software hits the sweet spot, giving taxpayers and employers a to-the-point, layman’s overview of the Affordable Care Act’s (ACA) looming tax implications. The site, located at...…

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Leniency Planned for Health Care Enforcement?

admin taxing_subjects - October 12, 2012
Leniency Planned for Health Care Enforcement?

It is a question many people have been asking since March of 2010, when President Barack Obama signed the Affordable Care Act (ACA) into law. How will the Internal Revenue Service enforce the law’s mandate requiring Americans to buy health insurance? According to a high-ranking IRS official, the agency plans...…

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