Drake Software blog for tax pros, covering tax, IRS news, and more
Senate Bill Aims to Simplify Income Taxes for People Working in Multiple States A bipartisan bill has been introduced in the Senate with the goal of simplifying income tax collections for taxpayers…
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Women’s Career Paths Improving in Accounting The career outlook for women in finance and accounting has improved in the last 10 years, according to a new survey of CFOs by the staffing company Robert…
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3 ways to speed up your tax refund, despite IRS delays (From CBS News MoneyWatch) While the CBS news item is aimed at consumers, professional tax preparers may want to note these tips to advise their…
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Preparers Suspected of Filing Inaccurate EITC Claims Receive Warning LettersDuring November and December 2013, the IRS will send letters to preparers suspected of filing inaccurate EITC claims. The…
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AICPA Annual Tax Software SurveyBy James StorkVP of Education, Drake Software The American Institute of CPAs has released its 2013 survey of tax preparation software, and Drake Software again rated…
Six Trends That Are Reshaping Business Accountants excel at analyzing numbers and developing strategies based off them.The way University of North Carolina at Chapel Hill professor James Johnson,…
Inconsistent Adherence to Quality Requirements Continues to Affect the Accuracy of Some Tax Returns Prepared at Volunteer Sites Anonymous visits by Government auditors found accuracy problems with…
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Ineffective Income and Withholding Verification Hinder IRS in Detecting Fraudulent Returns The Treasury Inspector General for Tax Administration (TIGTA) has released the results of its review of the…
Tax Extenders Set to Expire It’s the time of year to again start thinking about expiring tax provisions. Usually the first thing that comes to mind is the alternative minimum tax, but this particular…
AICPA Wants More Tax Guidance from IRS for Same-Sex Couples The American Institute of CPAs has written a letter to the Internal Revenue Service identifying 17 areas in which the IRS should provide…
