Drake Software blog for tax pros, covering tax, IRS news, and more
IRS Kicks Off 2014 Tax Season; Individual Returns Can Be Filed Now; Free Online Services Available to Help With Filing, Refunds, EITC WASHINGTON — The Internal Revenue Service today opened the 2014…
IRS Proposes Guidelines for ACA “Individual Mandate”The Journal of Accountancy reports that proposed regulations issued by the IRS this week provides guidance on handling the Sec. 5000A “individual…
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IRS Extends Key Deadline for New Tax BreakDeborah L. Jacobs, writing in Forbes Magazine, notes that the IRS released a ruling that will make things considerably easier for married couples to carry…
IRS Criminal Investigation Combats Identity Theft Refund Fraud The Internal Revenue Service (IRS) has seen a significant increase in refund fraud that involves identity thieves who file false claims…
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IRS Statistics on individual Tax Returns for 2011 The Internal Revenue System has released its statistics on Tax Year 2011 individual returns filed in 2012. The data indicates some improvement in the…
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Business Tax Filers can start filing 2013 Tax Returns on January 13, 2014The IRS will begin accepting 2013 business tax returns, both paper-filed and e-filed, on Monday, Jan. 13, 2014. Business…
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Some IRS Assistance and Taxpayer Services Shift to Automated Resources Given available resources and shifting taxpayer demands, the IRS will be making a number of taxpayer service changes for the 2014…
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IRS Re-Tools Programs To Assist Taxpayers Faced with a declining budget and increasing demand for services, the Internal Revenue Service is considering some major changes to ensure that it can meet…
IRS Proactive with Preparer Awareness EffortsThe Internal Revenue Service has launched its pre-filing season educational efforts with certain federal tax return preparers. Beginning in November 2013,…
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2014 Standard Mileage Rates The Internal Revenue Service issued the 2014 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable,…
