Drake Software blog for tax pros, covering tax, IRS news, and more
Tax professionals and taxpayers alike are being warned that new email scams could derail plans for a refund this tax season.As the filing season heads toward its April 18 deadline, identity thieves…
Read more about Late-Season Email Scams Unleashed This Tax Season
While the tax season thus far has been described as relatively problem-free, the Internal Revenue Service concedes the agency is still trying to come to grips with identity theft and quality-of-service issues.…
Read more about IRS Still Working to Cope with Identity Theft, Service Issues
For years, industry experts have been calling for tax professionals to use various hardware and software technologies – CRM tools, document management systems, workflow and productivity software, and paperless technologies – to stay competitive and profitable.…
Read more about Crossing the Digital Divide with Your Tax Practice
A tool on the Internal Revenue Service website that allows students to download information from their tax returns – or the returns of their parents – has been taken offline unexpectedly.…
According to the most recent Internal Revenue Service “Tax Time Guide,” clients can still contribute money to their 2016 Individual Retirement Account (IRA). The IRS-issued reminder also noted that…
Read more about Still Want to Make a 2016 IRA Contribution? You Can
American tax payers have roughly the same chances of being audited by the Internal Revenue Service as a taxpayer back in 2004. But it’s not because they’re doing a better job on their income tax return.…
We’ve always been skeptical of that old marketing phrase, “Free Money.” But some taxpayers who filed their 2013 returns may still have a tax refund waiting for them.The Internal Revenue Service says…
Taxpayers who made certain energy-efficient improvements to their homes last year may qualify for a tax credit.…
Read more about Don’t Forget the Tax Credit for an Energy-Efficient Home
If two thirds of your client’s gross income comes from farming or fishing and that client want to avoid making estimated tax payments, then the deadline to file a Form 1040 for tax year 2016 is March 1, 2017. Whether they’re looking to pay everything now or expect to make estimated payments, the IRS wants taxpayers to know that Direct Pay can make paying tax easier.…
Read more about IRS Direct Pay Could Help Farmers, Fishermen Meet March 1 Tax Deadline
Scams Include Tax-Related ID Theft, Tax SheltersEach year, the IRS releases their list of the “Dirty Dozen” scams to inform taxpayers about criminals who hope to capitalize on a busy, stressful time…
