Drake Software blog for tax pros, covering tax, IRS news, and more
Inspector General: ACA Will Pose Challenges for IRSThe Office of the Treasury Inspector General (TIGTA) has released a report indicating that when the IRS assumes responsibility for customer service…
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Report on SEC Accounting and Finance Enforcement If the public statements of the SEC Commissioners and staff are to be believed, brace yourself for the coming wave of financial reporting and…
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Ten Questions Tax Preparers Should Be Ready To Answer The media, the Internal Revenue Service and Attorneys General of many states have focused on fraud committed by tax preparers. While the relative…
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Former IRS Employee Pleads Guilty to Claiming $1.7M in Fraudulent Tax Refunds The Internal Revenue Service, which has made a concerted effort in recent years to pursue tax preparers engaged in filing…
Number of PTIN Holders Up 50,000 Accounting Today reports that the IRS Return Preparer Office has updated total numbers of federal return preparers who hold PTINs. According to the RPO, 743,331…
IRS Kicks Off 2014 Tax Season; Individual Returns Can Be Filed Now; Free Online Services Available to Help With Filing, Refunds, EITC WASHINGTON — The Internal Revenue Service today opened the 2014…
IRS Proposes Guidelines for ACA “Individual Mandate”The Journal of Accountancy reports that proposed regulations issued by the IRS this week provides guidance on handling the Sec. 5000A “individual…
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IRS Extends Key Deadline for New Tax BreakDeborah L. Jacobs, writing in Forbes Magazine, notes that the IRS released a ruling that will make things considerably easier for married couples to carry…
Termination II: Firing Seasonal WorkersBy James StorkSenior Vice President, Drake Software There are no easy ways to fire an employee, particularly during the rush and bustle of tax season. But when…
Expert Warns of ACA “Double Whammy” for Small BusinessDaniel Hood of Accounting Today reports on an expert warning small businesses that changes to the Affordable Care Act for 2016 could force…
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