Drake Software blog for tax pros, covering tax, IRS news, and more
Information for Employers About Their Responsibilities Under the Affordable Care Act If you are an employer, the number of employees in your business will affect what you need to know about the…
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New Rules Allow DeductionsRegulations issued under T.D. 9696 finalize rules the IRS put into effect in 2012 allowing employees to deduct certain expenses paid or incurred for local lodging as business…
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In an effort to combat fraud and identity theft, new IRS procedures effective January 2015 will limit the number of refunds electronically deposited into a single financial account or pre-paid debit…
Read more about New Direct Deposit Limits Could Affect Preparers and Their Customers
Await November Elections One of the casualties of the coming election in Congress is a bill that would extend a package of 50 tax breaks worth $85 billion over the next 10 years to individuals and…
Consumer AlertThe Internal Revenue Service has re-issued a consumer alert providing taxpayers with additional tips to protect themselves from telephone scam artists calling and pretending to be with…
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Statistics of IncomeThe Internal Revenue Service today announced the availability of Statistics of Income—2012,Individual Income Tax Returns Complete Report (Publication 1304). U.S. taxpayers filed…
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Part II: Representation- Before US Tax Court© Ben A. Tallman EAThis is the second part in a three part series on Representation. If you missed the first part, please go back to the previous issue to…
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IRS Releases Draft Versions of New Affordable Care Act FormsAs a tax software company, we get excited when the IRS releases a new form for the upcoming season. Forms drive our development cycle, and…
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Part I: Representation- Questions from the IRS© Ben A. Tallman EA If you think about the characteristics and skills that separate Circular 230 Practitioners from the rest of the tax industry;…
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IRS Budget Sliced 13% as U.S. House Constrains Tax Agency The US House of Representatives voted to cut the Internal Revenue Service’s budget by $1.14 billion in an effort to rein in unnecessary audits…
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