Drake Software blog for tax pros, covering tax, IRS news, and more
More than 2 million Individual Taxpayer Identification Numbers (ITINs) are due to expire by the end of this year, and the Internal Revenue Service is urging taxpayers to apply for renewal.The…
Read more about IRS Warns Millions of ITINs to Expire This Year
A review by the Taxpayer Advocacy Service has found that private debt collection agencies working on the IRS’ behalf may be forcing many taxpayers into payment plans they cannot afford.Accounting…
Read more about Survey Finds IRS Collections Target Low-Income Taxpayers
Trade groups are asking Congress to make some tweaks to last year’s Tax Cuts and Jobs Act that provided tax cuts to individuals and businesses. Critics of the legislation asserted it was drafted in…
The tax legislation pushed through Congress at the end of 2017 wiped out some deductions for individuals and changed some others, particularly those relating to moving, mileage and travel.Here’s a…
Read more about New Tax Law Changed Allowable Expense Deductions
Mr. Gaddis Goes to WashingtonAdvocacy has long been one of the stated goals of the National Association of Enrolled Agents (NAEA) and it is one of the things they do best. However, many people are not…
The latest phishing attack aimed at income tax professionals is proof positive that tax offices can’t let their guard down just because tax season is over. This new assault mimics or “spoofs” an email from a legitimate state taxing agency or a tax professional organization.…
Read more about Tax Pros Got Wake-Up Call from Phishing Scammers
It’s June, and that means tax professionals across the country are gearing up for the Annual Filing Season Program (AFSP). That’s why we decided to sit down and discuss the AFSP with those who know…
Tax professionals are being warned to be on the lookout for a new round of phishing emails aimed at stealing their email usernames and passwords. The Internal Revenue Service says the new wave of scam…
Read more about Phishing Emails Mimic State Professional Organizations
The IRS yesterday announced that they have begun sending tax bills to those who filed returns but didn’t pay their entire balance.In June or July, taxpayers who still have a balance with the IRS will…
Read more about Some Taxpayers Now Receiving Tax Bills from the IRS
Scam artists have dusted off an old scheme and added a new kink in an effort to swindle taxpayers out of money. This new effort uses a faked version of the IRS Form W-8BEN to get detailed personal…
