Drake Software blog for tax pros, covering tax, IRS news, and more
IRS Criminal Investigation Issues Annual Report WASHINGTON — The Internal Revenue Service today announced the release of its IRS Criminal Investigation (CI) Annual Report for fiscal year 2013,…
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IRS: Volume High At Start of Tax Season WASHINGTON — The IRS announced that, three weeks into the filing season, it has received about one-third of the individual income tax returns that it expects…
March 17 Business Filing Deadline is ApproachingThe filing deadline for business returns is approaching. This year, since March 15 falls on a Saturday, the filing deadline becomes the next business…
IRS Releases the “Dirty Dozen” Tax Scams for 2014; Identity Theft, Phone Scams Lead ListIR-2014-16, Feb. 19, 2014WASHINGTON — The Internal Revenue Service today issued its annual “Dirty Dozen” list of…
Termination III – Firing clientsBy James StorkVP of Education, Drake Software Sooner or later, every firm has to fire a client. That’s counter-intuitive, because one of the most powerful tenets in…
IRS: Michael Jackson Assets UndervaluedThe Internal Revenue Service has filed documents in US Tax Court claiming that Michael Jackson’s estate has severely undervalued his image and music catalog,…
Inspector General: ACA Will Pose Challenges for IRSThe Office of the Treasury Inspector General (TIGTA) has released a report indicating that when the IRS assumes responsibility for customer service…
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Ten Questions Tax Preparers Should Be Ready To Answer The media, the Internal Revenue Service and Attorneys General of many states have focused on fraud committed by tax preparers. While the relative…
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Former IRS Employee Pleads Guilty to Claiming $1.7M in Fraudulent Tax Refunds The Internal Revenue Service, which has made a concerted effort in recent years to pursue tax preparers engaged in filing…
Number of PTIN Holders Up 50,000 Accounting Today reports that the IRS Return Preparer Office has updated total numbers of federal return preparers who hold PTINs. According to the RPO, 743,331…
