Drake Software blog for tax pros, covering tax, IRS news, and more
A new audit by the Treasury Inspector General for Tax Administration (TIGTA) finds that those phone statistics may not be giving us the complete picture of the IRS’ performance.…
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The nation’s Taxpayer Advocate says continuing poor taxpayer service and lack of an effective use of online self-service applications are just two of the challenges facing the Internal Revenue Service.…
An organization that tracks charitable giving in the U.S. says it appears the new tax reform measures were a factor in decreasing donations to America’s charities.…
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The Internal Revenue Service has issued its final regulations that require taxpayers to reduce charitable contribution deductions by the amount of any state or local tax credits they receive or expect to receive in return.…
The Internal Revenue Service and the Treasury Department have issued their legal guidance on certain deductions to cooperatives and their patrons.…
The April filing deadline is long gone, but that doesn’t stop scammers from attempting to swindle American taxpayers out of their hard-earned money.…
Some of your clients may have found a tax bill when they opened their mailbox this morning. That’s because the Internal Revenue Service began sending CP14 and CP501 Notices to taxpayers who still owe tax for TY 2018.…
The Internal Revenue Service has unveiled a revised Form W-4, issuing a draft of the form for 2020. The changes, they say, will make accurate withholding choices easier for employees.…
It’s no secret that running a successful small business isn’t easy. The Internal Revenue Service reminds small-business owners that they may qualify for a home office deduction that can help their bottom line and give them one less thing to worry about.…
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Tax professionals interested in learning more about the Section 199A qualified business income (QBI) deduction can attend a webinar hosted by the IRS tomorrow afternoon.…
