Drake Software blog for tax pros, covering tax, IRS news, and more
Hardware Failure ResolvedThe IRS is once again accepting e-filed returns following the outage reported on Thursday. At the time of the outage, the agency seemed confident that the apparent hardware…
While the majority of taxpayers receive a W-2 before the beginning of January, sometimes it just doesn't work out that way. Luckily - since it's needed for filing an accurate return - the IRS has…
The IRS released another top 10 list, this time identifying the important information for exemptions and dependents. These tips aim to help taxpayers reduce the amount of tax they owe.Without further…
Read more about IRS Releases Top 10 Tax Facts for Exemptions and Dependents
Filing season began a little more than a week ago, and while some taxpayers have already filed their 2015 returns, many others are still gathering receipts and shopping around for a tax professional.…
Read more about IRS Issues 10 Tips for Choosing a Tax Preparer
IRS Extends Filing Deadline in Affected CountiesToday the IRS announced that victims of the storms that swept through Mississippi now have until May 16 to file returns and meet some payment deadlines.…
Warns that Tax System may Become "Pay to Play"National Taxpayer Advocate Nina E. Olson's annual report to Congress addressed concerns about the IRS's Future State plan: specifically, a reduction in…
Read more about National Taxpayer Advocate Delivers Report to Congress
Bipartisan Effort Passes Extenders; Makes Some PermanentWhen testifying before the House Ways and Means Committee in April, IRS Commissioner Koskinen feared Congress would delay passing extenders…
Today, the IRS issued a press release stating that the combination of tax extenders legislation, agency preparation, and help from tax professionals ensured that they will be able to begin tax season…
Read more about Just in Time: 2016 Tax Season Won’t be Postponed
Combat Identity Theft with Stronger Password SystemsInnumerable articles underscore the need for keeping unique, rotating passwords for every online account: email, social media, gaming,…
On October 29, the IRS released part of their "Tax Preparedness Series" aimed at "taxpayers born before July 1, 1945," reminding them that the deadline for required minimum distribution payments (RMD)…
Read more about IRS Reminds Retirees to Take Retirement Plan Distributions
