Drake Software blog for tax pros, covering tax, IRS news, and more
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…
IRS Drops Effort To Regulate Tax Preparers The Internal Revenue Service has elected to discontinue its efforts to regulate tax preparers, allowing the deadline to pass for an appeal to the US Supreme…
IRS Celebrates Small Business Week The Internal Revenue Service is marking Small Business Week, May 12 to 16, by holding two free webinars for small businesses and encouraging them to check out…
With 131 Million Returns Filed, Millions of Amended Returns Expected As of April 18, almost 46 million returns were e-filed from home computers, more than the total from home computers for all of…
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Six Strategies for Social Media Social media, which started with the creation of GeoCities in 1994 and has matured into dozens of sites led by Facebook, Twitter and Linked-in, has finally begun to…
IRS Guidance For Securing Tax Customer Data The subject of safeguarding customer data, and the compliance information from the IRS, have been covered in a post to the Taxing Subjects Blog (see…
If the Customer Can’t Pay The Tax VIIf You Receive an IRS Notice, Here’s What to DoEach year the IRS sends millions of letters and notices to taxpayers. Although some people may feel anxious when they…
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Profile of Christine ReynoldsDirector of EducationDrake Software Christine Reynolds didn't start out to be an educator. Born and raised in south and central Florida, her family moved to NC after she…
Filing Season Statistics for Week Ending April 11, 20142014 FILING SEASON STATISTICSCumulative statistics comparing 4/12/13 and 4/11/14Individual Income Tax Returns:20132014% ChangeTotal…
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If the Customer Can’t Pay the Taxes IVEight Facts About Late Filing PenaltiesApril 15 is the annual deadline for most people to file their federal income tax return and pay any taxes they owe. By law,…
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