Drake Software blog for tax pros, covering tax, IRS news, and more
WASHINGTON -- Following the passage of the extenders legislation, the Internal Revenue Service announced today it anticipates opening the 2015 filing season as scheduled in January.The IRS will begin…
Read more about Tax Season Opens As Planned Following Extenders Legislation
IRS Guidance: Coverage, Reporting, and Payments & Credits Some of the provisions of the Affordable Care Act, or health care law, apply only to small employers, generally those with fewer than 50…
Read more about ACA Basics - Affordable Care Act Tax Provisions for Small Employers
WASHINGTON — Certain owners of individual retirement arrangements (IRAs) have a limited time to make tax-free transfers to eligible charities and have them count for tax-year 2014, the Internal…
WASHINGTON — With the filing season approaching, the Internal Revenue Service joined with national tax organizations to provide people with new options to get information and tips on selecting tax…
IRS and NADP Provide ACA TipsWith each passing year, research shows strong relationships between inadequate oral health and a variety of diseases that include diabetes and heart disease. Those…
Read more about ACA Basics – Dental Plans in the ACA Marketplace
Consumer Tips to Help Tax ProfessionalsWASHINGTON — With the filing season approaching, the Internal Revenue Service joined with national tax organizations to provide people with new options to get…
Revenue Procedure 2014-64 provides an updated list of jurisdictions with which the United States has in effect an income tax or other convention or bilateral agreement relating to the exchange of…
Read more about Information Sharing on Foreign Deposit Interest
Two-Week Extension of Some Tax CreditsThe 113th Congress adjourned in the late hours of December 16 after approving a handful of judicial appointments and several pending bills. The bill, H.R. 5771,…
Read more about Congress Adjourns After Passing Tax Credit Extensions
WASHINGTON — The Internal Revenue Service is releasing a revenue procedure today providing rules for the nationwide rollout of post-Appeals mediation for Offer in Compromise (OIC) and Trust Fund…
Read more about Post-Appeals Mediation For Offers in Compromise Available Nationwide
On Tax IssuesThe Internal Revenue Service has issued technical guidance on three tax issues:Revenue Procedure 2014-62 announces the indexed applicable percentage table in Section 36B(b)(3)(A) of the…
