Drake Software blog for tax pros, covering tax, IRS news, and more
Representative Camp Releases Tax Reform Proposal Representative David Camp (R-MI), chairman of the House Ways and Means Committee, has released the draft of legislation for tax reform. The draft,…
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IRS: Volume High At Start of Tax Season WASHINGTON — The IRS announced that, three weeks into the filing season, it has received about one-third of the individual income tax returns that it expects…
March 17 Business Filing Deadline is ApproachingThe filing deadline for business returns is approaching. This year, since March 15 falls on a Saturday, the filing deadline becomes the next business…
Drake People – Travis Wright, Software Programmer For Travis Wright, life is a balance of work, family, faith and music. A native of Franklin, NC, he was home-schooled through high school, then…
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IRS Releases the “Dirty Dozen” Tax Scams for 2014; Identity Theft, Phone Scams Lead ListIR-2014-16, Feb. 19, 2014WASHINGTON — The Internal Revenue Service today issued its annual “Dirty Dozen” list of…
Termination III – Firing clientsBy James StorkVP of Education, Drake Software Sooner or later, every firm has to fire a client. That’s counter-intuitive, because one of the most powerful tenets in…
IRS: Michael Jackson Assets UndervaluedThe Internal Revenue Service has filed documents in US Tax Court claiming that Michael Jackson’s estate has severely undervalued his image and music catalog,…
White House delays health insurance mandate for medium-sized employers until 2016The Obama administration announced it would give medium-sized employers an extra year, until 2016, before they must…
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New IRS Tax Application May Make Data Vulnerable Information Week reports on a new IRS online tool that lets consumers download transcripts of their tax filings. But a former IRS attorney, Kenneth…
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Appeals Court Rules In Favor Of Independent Tax PreparersThe Circuit Court of Appeals for the District of Columbia today ruled that the IRS has no legal authority to impose nationwide licensing and…
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