Drake Software blog for tax pros, covering tax, IRS news, and more

Ethics - What Would You Do?

Ethics - What Would You Do?

That’s the question posed on the news magazine and hidden camera television show of the same name.Broadcast on ABC News since 2008 as part of the Primetime series, and hosted by newsman John Quiñones,…

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The Cost of Being Ethical

The Cost of Being Ethical

How Being Ethical Cost You Time, Money, & Friends© 2014, Ben A. Tallman EAIntroductionHave you ever considered what you give-up by being ethical?  This article will discuss the dilemma that Tax…

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Tax Preparer Legislation Filed

Tax Preparer Legislation Filed

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...…

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Steps to avoid PC Disaster

Steps to avoid PC Disaster

Since natural disasters seem to be occurring more frequently and with more intensity than ever before, it would seem wise for anyone owning a computer to know a few basic tips about protecting it. Most owners of computers keep personal and business data on their hard drive...…

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Higher Standards for Tax Preparers

Higher Standards for Tax Preparers

Last November, the IRS began efforts to increase the quality of the tax preparation industry and improve service to taxpayers by requiring certain tax preparers to complete a Registered Tax Return Preparer (RTRP) competency test. In the last few months, some 3,000 tax preparers have passed...…

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Circular 230 Ethics Rules

Circular 230 Ethics Rules

It’s complicated, but it’s important. Now, more than ever, paid tax return preparers need to understand and educate themselves so they can avoid sanctions for giving false or misleading information to the IRS or for asserting frivolous positions that do not meet realistic possibility standards. Preparers need to recognize what is considered disreputable conduct resulting from improperly preparing returns, and learn to identify tax fraud schemes.…

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