Drake Software blog for tax pros, covering tax, IRS news, and more
Generally, employer provisions of the Affordable Care Act say that an Applicable Large Employer (or ALE) has to offer affordable minimum essential coverage that provides minimum value to full-time…
Read more about ACA Refresher for Employers: Affordable Coverage vs. Minimum Value Coverage
While parents and students are preparing for the return of classes, telephone scammers are sharpening their pencils and getting their tactics lined up as well.The Internal Revenue Service says…
Taxpayers in four Louisiana parishes have been granted relief by the Internal Revenue Service, in light of the recent storms and flooding that have plagued their area. The Federal Emergency Management…
A new audit says some companies are getting contracts with the Internal Revenue Service, even though those companies owe back federal taxes. The audit found qualified bidders on IRS contracts weren’t…
Read more about TIGTA Finds Problems with IRS Contracting Process
Income tax professionals are being alerted by the Internal Revenue Service that a new email phishing scam has been unleashed, and it targets preparers.This latest scam, identified by IRS Security…
Read more about New Phishing Scam Unleashed; Tax Pros Targeted
The Internal Revenue Service has proposed a change in the rules for claiming qualified education tuition and expenses. The changes were mandated by the Protecting Americans from Tax Hikes Act (also…
Read more about Changes to Tuition Expense Rules Proposed by IRS
Taxpayers with Individual Taxpayer Identification Numbers (ITINs) will have a different set of rules for the 2017 income tax filing season. The changes are the result of the Protecting Americans from…
The Internal Revenue Service is warning preparers and taxpayers alike that scammers have renewed their assault on their personal information. This newest round of IRS impersonation attempts come in…
“Education's purpose is to replace an empty mind with an open one.” - Malcolm ForbesForbes, of course, knew a thing or two about business and taxes. It could be said that we all need to be, well,…
The Internal Revenue Service has acquiesced in the Ninth Circuit court’s decision on a year-old tax case involving unmarried co-owners of real estate.The case involved Charles Sophy and Bruce Voss,…
Read more about IRS Decision May Impact Mortgage Interest Deduction in Some Cases
