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

Live Webinars

Live Webinars

LEARN DRAKE SOFTWAREOur live webinars provide an overview of customizing, navigating, and electronic filing with Drake Software.Learn about:Customizing Drake Software for your practiceNavigating data…

Read more

Loyalty Matters

Loyalty Matters

Loyalty Matters: Edward GonzalezEdward Gonzalez is a successful business owner, a dedicated professional, and a devoted husband and father. He is honest, outgoing, friendly, and has strong moral…

Read more

Audit Risk

Audit Risk

A new study by the National Taxpayer Advocate used confidential IRS data to show large clusters of potential tax cheats in these five metropolitan areas. The IRS uses the information to target taxpayers for audits....…

Read more

Sequester

Sequester

Sequester May Hurt IRS Collection EffortsThe head of the Internal Revenue Service is warning that the government-wide spending cuts that took effect last month could hurt federal tax collections.IRS…

Read more

AMT: The Oxymoron

AMT: The Oxymoron

The concept of the alternative minimum tax is anything but minimum. The complex tax code in America originally enacted the AMT in 1969 as a way to keep high-income taxpayers from ...…

Read more

Tax Law Changes for 2012, and 2013

Tax Law Changes for 2012, and 2013

It has been a very busy month for the Internal Revenue Service. Members of Congress finally nailed down some tax legislation for 2012, and 2013. However, their last minute decisions put the IRS behind when it comes to processing tax returns because the agency has to work to update its software to adjust for the new laws...…

Read more