Drake Software blog for tax pros, covering tax, IRS news, and more
IRS Releases Final Rule on Net Investment Income Tax Under the ACAThe IRS has released final regulations under section 1411 of the Internal Revenue Code to provide guidance on the general application…
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IRS Issues Rules on Additional Medicare TaxAfter receiving limited input during the required comment period, the Internal Revenue Services has issued the final regulations relating to Additional…
10 Technologies Worth Investing In (December Edition)By James StorkSenior Vice President, Drake Software Conventional wisdom holds that tax preparation and accounting firms should begin their quest…
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Report: Transition of e-Filed Tax Returns to the IRS’s Modernized e-File System Was Successful during 2013 Filing SeasonThe Internal Revenue Service’s Modernized e-File (MeF) system successfully…
Report: IRS Develops ACA Health Care Premium Tax Credit SystemThe Internal Revenue Service (IRS) has completed development and testing of software to calculate the Advanced Premium Tax Credit and the…
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IRS Tackling the Issue of Stolen EINsWhile the Internal Revenue Service (IRS) has developed processes to authenticate individuals applying for an Employer Identification Number (EIN), it needs to do…
Senate Schedules Confirmation Hearing for IRS CommissionerThe Senate Committee on Finance has scheduled a hearing on Tuesday, December 10 to consider the nomination of John Andrew Koskinen to become…
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IRS Computers Vulnerable to Hackers A new cost-saving computer technology being implemented by the IRS has left the agency vulnerable to hacking, putting taxpayers’ info at risk, an investigative…
IRS Workforce Turnover Part of Tea-Party Scrutiny Fallout: Taxes The furor over scrutiny of Tea Party groups by the Internal Revenue Service, which hurt President Barack Obama politically, has…
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Farmers, tax preparers facing more changes The Internal Revenue Service will begin accepting and processing 2013 tax returns a little later than usual. But farmers and their tax preparers shouldn’t…
