Drake Software blog for tax pros, covering tax, IRS news, and more
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
Consumer Protection Initiative Aims to Train Tax PreparersContinuing education is phase two of New York’s first tax preparer regulations; training is vital because 70% of New Yorkers hire tax…
Read more about NYS Tax Department Launches NY’s First Tax Preparer Continuing Education Program
Legislation to Provide Opportunity for Americans with DisabilitiesThe US House of Representatives has passed H.R. 647, the Achieving a Better Life Experience Act’. The Act is designed to provide…
WASHINGTON — The Internal Revenue Service issued the 2015 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving…
Read more about New Standard Mileage Rates Now Available; Business Rate to Rise in 2015
Vitter will continue to push for a full vote on his No Washington Exemption legislationWednesday, December 10, 2014(Washington, D.C.) – The Senate Republican Conference accepted a rule proposed by…
Read more about Press Release: Republican Senators Vote to Treat Congress Equally Under Obamacare
The Internal Revenue Service has issued technical guidance for the following issues: Notice 2014-78 provides guidance on the corporate bond monthly yield curve, the corresponding spot segment rates,…
Read more about IRS Publishes Technical Guidance On Four Issues
Move Surprises Those Following the CaseThe US Supreme Court has elected to take up the issue of tax credits given to users of the federal health exchange, setting the stage to resolve one of the most…
Read more about Supreme Court Takes Up Obamacare Subsidies Appeal
Scam Phone Calls Continue; IRS Unveils New Video to Warn Taxpayers IRS YouTube Video:IR-2014-105, Oct. 31, 2014WASHINGTON — As incidents of an aggressive telephone scam continue across the country,…
Read more about Scam Phone Calls Continue; IRS Unveils New Video to Warn Taxpayers
Senators Wicker and Nelson Call on IRS to Address Tax Refund Fraud Bipartisan Coalition Urges Agency to Make Fraud Reduction a Top PriorityWASHINGTON – U.S. Senators Roger Wicker, R-Miss., and Bill…
Information for Employers About Their Responsibilities Under the Affordable Care Act If you are an employer, the number of employees in your business will affect what you need to know about the…
Read more about Information for Employers about Their Responsibilities Under the Affordable Care Act
