Drake Software blog for tax pros, covering tax, IRS news, and more
The federal appeals court in Washington, DC, has set September 24 to hear oral arguments in the lawsuit to prevent the Internal Revenue Service from testing, certifying, and regulating professional tax preparers...…
In one fell swoop, a beautiful bombshell knocked some wind out of two long-held stereotypes. The new Miss USA is an accountant...…
IRS Releases Inflation Adjustments For 2013The Internal Revenue Service has announced the annual inflation adjustments for tax year 2013, including the tax rate schedules, and other tax changes from…
The IRS faced several time constraints this year. Tax professionals and taxpayers everywhere were anxious to process returns, and the effects of the delay were felt by everyone when tax season did not start on time. The major reason for the deferral was ...…
People are going to put off doing their taxes, nothing will make them file any sooner. However, if you are going to get a refund...…
While you were covered up with tax forms and e-file acknowledgements, you may have missed an interesting read or two...…
Among the notable birthdays that occurred over this tax season is the IRS Form 1040, introduced in 1913 following the ratification of the 16th Amendment. That amendment gave the government the power to...…
Richmond’s Taxpayer Protection and Preparer Fraud Prevention Act of 2013 would give the Internal Revenue Service more oversight to certify paid tax preparers and ensure they are “competent, of good character and able to render services.” The legislation also would allow the IRS to...…
Once again, tax season has come and gone. We’re breathing a little easier, sleeping a little longer, and smiling a little more. We’ve conquered the beast and now, it’s time to celebrate...…
Every year, the IRS releases its “Dirty Dozen” list of fraudulent tax practices that refund filers should be aware of. While these offenses occur year-round, the IRS stated they tend to happen more frequently and in greater numbers during filing season...…
