Drake Software blog for tax pros, covering tax, IRS news, and more
If the Customer Can’t Pay the Taxes IIIThe Collection ProcessIf you do not pay in full when you file your tax return, you will receive written notice of the amount you owe, a bill. This bill starts…
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IRS Intensifies Work on Identity Theft and Refund Fraud; Criminal Investigation Enforcement Actions Underway Across the Nation The Internal Revenue Service has announced it has started more than 200…
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IRS: The Truth About Frivolous Tax Arguments The Internal Revenue Service has released the 2014 version of “The Truth about Frivolous Tax Arguments.” The document describes and responds to some of…
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If The Customer Can’t Pay The Tax – Part II Offer in Compromise An offer in compromise (OIC) is an agreement between a taxpayer and the Internal Revenue Service that settles the taxpayer's tax…
If the Customer Can’t Pay The Tax – Part I There are several different payment programs available for taxpayers who cannot pay the taxes owed by April 15. Because any balance due is subject to…
More than Half of all Income Tax Returns Have Been Received. With the tax deadline getting closer, the IRS has received more than half of all the returns it expects to receive during 2014, the agency…
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IRS Has $760 Million for People Who Have Not Filed a 2010 Income Tax Return Refunds totaling almost $760 million may be waiting for an estimated 918,600 taxpayers who did not file a federal income tax…
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IRS Issues Publication on Business Expenses Millions of individual tax filers have business income either as sole proprietors or as sub-contractors. Many individual filers also have unreimbursed…
IRS: More Taxpayers Filing from Home Computers in 2014 More than 27 million taxpayers have filed their tax returns from home computers so far this year, an increase of almost 6 percent compared to…
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IRS Encourages Small Employers to Check Out Small Business Health Care Tax Credit; Helpful Resources, Tax Tips Available on IRS.gov With business tax-filing deadlines fast approaching, the Internal…
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