Drake Software blog for tax pros, covering tax, IRS news, and more
Since the DC Court of Appeals upheld the district court ruling in Loving v. IRS – which determined that the IRS does not have the authority to require certification exams of tax preparers – the IRS…
According to Revenue Ruling 2015-13, April 18 will be the filing deadline for most of the country in 2016. Since Emancipation Day – a legal holiday in D.C. – falls on a Saturday, it will be observed…
Web sites for the typical tax and accounting firm tend to be whatever was thrown online as the firm was established or a site that has been expanded with content and information – perhaps for years. …
It's an annual ritual for tax and accounting firms after the end of one tax season and before training begins for the next: replacing obsolete hardware and software, investing in new technologies, and…
Read more about Upgrading Hardware and Software for Tax Season
For many tax preparers and CPAs, the post-tax season vacation is a family ritual. Plans and reservations are made far in advance, and may involve a return to a familiar destination – from the…
The Treasury Inspector General for Tax Administration identified $5.6 billion in credits from 2012 that were wrongly issued to taxpayers who failed to file Form 1098-T, attended schools that weren't…
Read more about TIGTA Takes IRS to School: Education Credits Wrongly Issued
Yesterday, the IRS issued a reminder to some tax-exempt organizations: May 15 is the deadline to submit Forms 990, 990-EZ, or 990-PF. If those affected miss this deadline, it could result in the loss…
The Internal Revenue Service has released the 2014 Annual Business Report of its Criminal Investigation Division, which chronicles the priorities, staffing, and organization of the division as well as…
On Wednesday, April 22, IRS Commissioner John Koskinen submitted written testimony to the House Ways and Means Committee assessing the IRS's performance during filing season. He opened his report by…
Read more about IRS Commissioner: Customer Service Issues Stem from Budget Cuts
At any time in the next 10 weeks – probably on a Monday or Thursday – the US Supreme Court will announce its decision in the case of King v. Burwell, the current challenge by opponents to the Patient…
