Drake Software blog for tax pros, covering tax, IRS news, and more
If you grew up “shooting the loop” every Friday night in high school, knew the names of every single person living on your block, or rode a tractor to school at least once, chances are that you grew…
An IRS press release addressed two important issues:After December 31, non-credentialed tax return preparers who have not secured an AFSP record of completion will not be able to represent clients…
Read more about AFSP Deadline; Revised PTIN Application and Renewal Fee
They are among the greatest of our local heroes – the first responders who belong to the law enforcement, fire departments, and Emergency Medical Services in communities nationwide. They are heroes…
IRS Warns of Fake Charity ScamsLast week the president declared a state of emergency for South Carolina, extending the October 15 tax deadline for "affected taxpayers in Bamberg, Berkeley, Calhoun,…
Read more about SC Flood Victims' Tax Deadline Extended; IRS Helps Donors Avoid Fake Charities
If there is one thing that tax preparers and accountants present to clients, it is their integrity. They are the professionals who can be consigned a client’s personal financial information or an…
No Columbus Day Downtime for Modernized e-FileResponding to concerns, the IRS will keep Modernized e-File in operation over the Columbus Day weekend. However, other services will be brought down for…
Read more about IRS Changes Maintenance Schedule Amid Preparer Concerns
Every business executive is familiar with the need for strategic planning. Less familiar, though, is the critical management skill that the strategic plan is designed to support – strategic…
IRS Offers Advice for Those with Extensions Expiring on October 15October 15 is the deadline for 13 million taxpayers with a tax-filing extension, and the IRS wants to make sure those…
Disaster Declaration Means Tax Relief for Affected California Residents and BusinessesAfter the President declared California's Lake and Calveras counties federal disaster areas, the IRS reported…
Senators Hatch and Wyden Announce Bill from Joint Committee on TaxationThe effort by the Internal Revenue Service to regulate professional tax preparers gained new life this week when Senate Commerce…
Read more about Plans Resume For Regulation of Tax Preparers
