Drake Software blog for tax pros, covering tax, IRS news, and more

IRS Announces Another Way to Help Victims of Hurricane Matthew

IRS Announces Another Way to Help Victims of Hurricane Matthew

The Internal Revenue Service last week announced that leave-based donation programs could be used to send aid to victims of Hurricane Matthew. Sometimes referred to as a “leave sharing program,” leave donation lets employees donate their vacation or sick leave to a company pool that can be used by coworkers who have medical emergencies or are affected by natural disasters.…

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Scammers Target Tax Pros Once Again

Scammers Target Tax Pros Once Again

Tax professionals are being warned about a phishing scam aimed at them that poses as a chummy message from the Internal Revenue Service. This new email threat starts with a bogus email message carrying the title “Security Awareness for Tax Professionals.” The “From” line is “Your e-Services Team.”…

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New Survey Outlines Corporate Tax Rates

New Survey Outlines Corporate Tax Rates

If you’ve thought lately about just how much America’s biggest corporations face on their income tax returns, the answer might surprise you. The website WalletHub has completed its annual Corporate Tax Rate Report for companies on the S&P 100 – the biggest and most established firms out there.…

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Online Security Measures Showing Positive Results

Online Security Measures Showing Positive Results

Members of the Security Summit say their efforts are being rewarded with a marked improvement in the battle against identity theft and tax fraud. The group – made up of tax industry partners and state tax agencies who work with the Internal Revenue Service – helped the IRS develop new strategies that have borne fruit in 2016.…

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