Drake Software blog for tax pros, covering tax, IRS news, and more
The Internal Revenue Service today announced a new email scam from cybercriminals that targets tax professionals. Using a two-stage process, this latest phishing scheme attempts to collect private data from tax preparers.…
As we prepare to step into another tax season, it serves us well to take stock of our security measures and how we keep our data safe and secure. Let’s face it: the line between being a target and merely an observer of identity theft is being more blurred all the time.…
Read more about Take News of Identity Theft Schemes Very Seriously
The Internal Revenue Service recently suggested that taxpayers consider checking their eligibility for health care-related tax exemptions. Taxpayers who plan their finances around a refund check may be better able to budget during tax season by researching their options before January 23, 2017.…
Declining energy prices have apparently made their mark on the rates used to figure deductible costs of operating a vehicle for business, medical or moving purposes. The Internal Revenue Service has shaved those rates, beginning January 1, 2017.…
The Internal Revenue Service is urging people with an ITIN expiring January 1, 2017 – those that have not been used to file a return in the past three years or with middle digits 78 or 79 – to renew so they avoid delays in processing their return or receiving a refund.…
