Drake Software blog for tax pros, covering tax, IRS news, and more
WASHINGTON — With the filing season approaching, the Internal Revenue Service joined with national tax organizations to provide people with new options to get information and tips on selecting tax…
IRS and NADP Provide ACA TipsWith each passing year, research shows strong relationships between inadequate oral health and a variety of diseases that include diabetes and heart disease. Those…
Read more about ACA Basics – Dental Plans in the ACA Marketplace
Consumer Tips to Help Tax ProfessionalsWASHINGTON — With the filing season approaching, the Internal Revenue Service joined with national tax organizations to provide people with new options to get…
Revenue Procedure 2014-64 provides an updated list of jurisdictions with which the United States has in effect an income tax or other convention or bilateral agreement relating to the exchange of…
Read more about Information Sharing on Foreign Deposit Interest
Two-Week Extension of Some Tax CreditsThe 113th Congress adjourned in the late hours of December 16 after approving a handful of judicial appointments and several pending bills. The bill, H.R. 5771,…
Read more about Congress Adjourns After Passing Tax Credit Extensions
WASHINGTON — The Internal Revenue Service is releasing a revenue procedure today providing rules for the nationwide rollout of post-Appeals mediation for Offer in Compromise (OIC) and Trust Fund…
Read more about Post-Appeals Mediation For Offers in Compromise Available Nationwide
A new revision of the Form 656-B booklet, with forms and instructions for submitting an Offer in Compromise (OIC), will be available on IRS.gov in January. The use of earlier versions after Jan. 1…
Washington, DC – Ways and Means Committee Chairman Dave Camp (R-MI) and Ranking Member Sander Levin (D-MI) introduced the Taxpayer Protections Against Abusive Seizures Act, legislation that provides…
WASHINGTON – The Internal Revenue Service (IRS) appropriately used its legislative authority to temporarily hire employees at salaries higher than those typically given to Federal Government senior…
Read more about TIGTA Report Says IRS Hires Critical Executives At Salaries Higher Than Typical
Public Accounting Act Determines Qualifications for Illinois Tax PreparersThe Illinois House of Representatives and Senate have now approved legislation that will set the foundation for a program to…
Read more about Illinois Moves To Regulated Tax Return Preparers
