Drake Software blog for tax pros, covering tax, IRS news, and more
In the two previous posts, we took a look at some of the assessments the IRS leadership made about 2019 and how the agency responded. In this edition, we’ll look forward.…
Read more about IRS Annual Report: Six Goals and a Look Ahead
Tax clients who had their student loans forgiven have even more cause for celebration this week.…
Read more about New Revenue Procedure Extends Discharged Loan Relief
The Internal Revenue Service recently unveiled the Gig Economy Tax Center, a new online resource for freelancers.…
Read more about IRS Unveils New Online Resource for Freelancers
The Internal Revenue Service has released its annual report for 2019, giving Commissioner Chuck Rettig a chance to explain the improvements implemented in the American tax system in the last year.…
Read more about IRS Annual Report: Tax Changes and Enforcement
The Internal Revenue Service has confirmed that it will begin accepting and processing 2019 returns on January 27, opening the gates for millions of individual tax return filers.…
Read more about 2019 Filing Season to Start January 27, IRS Says
The Internal Revenue Service has set the optional standard mileage rates for 2020. These rates are used to figure the deductible costs of operating a vehicle for business, charitable, medical or moving purposes.…
IRS Commissioner Chuck Rettig promises that the Internal Revenue Service will continue to go after those involved in “aggressive syndicated easement transactions.”…
Read more about IRS Promises to Go After “Aggressive Syndicated Easement Transactions”
The Internal Revenue Service is reminding tax-exempt organizations that recent changes in the law now require them to file information returns and other forms electronically.…
Read more about Tax Exempt Organizations Now Required to File Electronically
Whistleblowers who provided information to the Internal Revenue Service may soon have an easier time collecting their reward.…
Read more about IRS and TTB Improving Whistleblower Claims Process
An annual report from the Internal Revenue Service credits cutting-edge data analytics and “good, old-fashioned police work” for achieving a 91% conviction rate on cases probed by the IRS Criminal Investigations division.…
Read more about IRS Says 91% of Criminal Investigation Cases Get a Conviction
