Drake Software blog for tax pros, covering tax, IRS news, and more
Payday Loans and Tax Preparers Each year, 12 million borrowers spend approximately $7.4 billion on payday loans. But the payday lenders have come under growing scrutiny in recent years, as…
Treasury Updates Final Regulations Governing Written Advice The Regulations revise the requirements for those who practice before the IRS with regard to written advice, and updates other related…
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IRS Adopts "Taxpayer Bill of Rights;" 10 Provisions to be Highlighted on IRS.gov, in Publication 1EspañolIR-2014-72, June 10, 2014WASHINGTON ― The Internal Revenue Service today announced the adoption…
IRS Releases Spring 2014 Statistics of Income BulletinThe Internal Revenue Service has announced the spring 2014 issue of the Statistics of Income Bulletin is now available, featuring information on…
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NAEA Cites Concerns Over Preparer CertificationThe National Association of Enrolled Agents has joined the AICPA in opposing the voluntary training and certification proposal put forward by the…
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Should We Get Married?For Opposite-Sex and Same-Sex Couples© Ben A. Tallman…
The IRS Office of Appeals People sometimes disagree on tax matters, and the decision of a tax examiner may not always be the final word. For this reason, the Internal Revenue Service created an…
10 Rules for Filing an Amended Tax ReturnAs of the 18th of April, the IRS had received more than 131 million returns, of which 88 percent were e-filed. The agency projects that almost five million…
AICPA Opposes Voluntary Tax Prep CertificationThe American Institute of CPAs (AICPA) has announced its strong opposition to any effort to create a voluntary certification program for tax…
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Plan Now To Get Time Back in 2015Benjamin Franklin is credited with the observation that “Time is Money,” but for a tax preparer during tax season, time can also be the enemy, because each hour lost…
