Drake Software blog for tax pros, covering tax, IRS news, and more
Koskinen Approved By Senate Committee to Head IRS John Koskinen, the 74-year-old multimillionaire with a long history of accomplishments, has been approved by the US Senate Committee on Finance to…
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IRS Offers Expanded Guidance on Taxation of Benefits for Same-Sex SpousesThe Internal Revenue Service has issued additional guidance on the application of rules under Section 125 of the Internal…
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IRS Issues Reminders for Year-End Charitable Gifts Individuals and businesses making contributions to charity should keep in mind several important tax law provisions that have taken effect in recent…
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IRS Releases Final Rule on Net Investment Income Tax Under the ACAThe IRS has released final regulations under section 1411 of the Internal Revenue Code to provide guidance on the general application…
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IRS Issues Rules on Additional Medicare TaxAfter receiving limited input during the required comment period, the Internal Revenue Services has issued the final regulations relating to Additional…
Report: IRS Develops ACA Health Care Premium Tax Credit SystemThe Internal Revenue Service (IRS) has completed development and testing of software to calculate the Advanced Premium Tax Credit and the…
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IRS Tackling the Issue of Stolen EINsWhile the Internal Revenue Service (IRS) has developed processes to authenticate individuals applying for an Employer Identification Number (EIN), it needs to do…
Senate Schedules Confirmation Hearing for IRS CommissionerThe Senate Committee on Finance has scheduled a hearing on Tuesday, December 10 to consider the nomination of John Andrew Koskinen to become…
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IRS Computers Vulnerable to Hackers A new cost-saving computer technology being implemented by the IRS has left the agency vulnerable to hacking, putting taxpayers’ info at risk, an investigative…
IRS Workforce Turnover Part of Tea-Party Scrutiny Fallout: Taxes The furor over scrutiny of Tea Party groups by the Internal Revenue Service, which hurt President Barack Obama politically, has…
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