Drake Software blog for tax pros, covering tax, IRS news, and more
The Federal Register from Thursday, April 16 included proposed rulemaking that would reduce the cost of applying for and renewing a Paid Tax Identification Number from $33 with a $17 third-party fee to $21 with a $14.95 third-party fee.…
We were impressed by how straightforward the entire process is.…
TIGTA published its interim report, detailing tax-season challenges for the IRS that range from recent legislation to the COVID-19 outbreak.…
Read more about TIGTA Says This Tax Season Presents Uphill Climb to IRS
The Internal Revenue Service says it is extending additional tax deadlines for individuals and businesses.…
The Internal Revenue Service has temporarily stopped processing paper tax returns, urging taxpayers to e-file instead.…
Collins, recently named the new National Taxpayer Advocate, has started her new position ahead of time in order to provide the Taxpayer Advocate Service (TAS) with complete leadership during this unsettled time.…
For many of us, we’re living in a time that has no comparison. We’ve seen wars, famines, economic crashes, but no pandemic—until now. Jim Buttonow of Accounting Today magazine says for the Internal Revenue Service, a bad situation may be about to get even worse.…
Read more about Accounting Today Looks at the IRS COVID-19 Response
Federal authorities say they’ve arrested a Pennsylvania man in connection with a nationwide IRS impersonation scam.…
Read more about Alleged Ringleader Arrested in IRS Impersonation Scam
Scammers are posing as government officials and contacting targets to request information they say is required to process coronavirus stimulus payments. Unfortunately, they are now using every tactic possible, from email and phone scams to text messages, social media, and fake websites.…
The Treasury Department recently dispelled some uncertainty regarding how it would handle economic impact payments for Americans on Social Security.…
Read more about Treasury Clarifies Economic Impact Payments for Americans on Social Security
