Drake Software blog for tax pros, covering tax, IRS news, and more
The Security Summit has been highlighting ways that taxpayers can protect their personally identifiable information (PII) from identity thieves. They closed out National Tax Security Awareness Week by…
Read more about National Tax Security Awareness: Writing a Data Security Plan
Main Street businesses might consider themselves too small to be the target of a business identity theft scam, but the Security Summit says that identity thieves are more than happy to steal their business information.…
Read more about National Tax Security Awareness Week: Spotting Business Identity Theft
Passwords are a ubiquitous part of life in the Digital Age, but many of us aren’t particularly good at making them. That’s why the Security Summit is highlighting tips for creating strong passwords on the third day of National Tax Security Awareness Week.…
Read more about National Tax Security Awareness Week: Making Secure Passwords
The second day of National Tax Security Awareness Week saw the Internal Revenue Service spotlight common signs of tax-related identity theft phishing scams.…
Read more about National Tax Security Awareness Week: Spotting Phishing Scams
As we move into the holiday season, scammers are finalizing their plans to swindle taxpayers out of their money.…
The Internal Revenue Service says it plans to beef up background checks on tax practitioners in the wake of an audit that found inconsistencies in how those checks were administered.…
Read more about IRS Promises Better Background Checks on Tax Pros
The Internal Revenue Service has updated its guidance that was issued for deductible business, charitable, medical, and moving expenses.…
The Internal Revenue Service has released cost-of-living adjustments for tax year 2020 covering dollar limitations for pension plans and other retirement-related items.…
A recent Internal Revenue Service press release revealed the tax year 2020 annual inflation adjustments, which affect a number of tax items, including marginal tax rates, the Alternative Minimum Tax, the Earned Income Credit, and more.…
Read more about Tax Year 2020 Annual Inflation Adjustments Revealed by IRS
In a matter of weeks the 2020 filing season will be underway. To help ensure that taxpayers don’t get caught unprepared, the IRS is recommending everyone to act now to avoid any tax-time surprises and ensure smooth processing of 2019 tax returns.…
