5 FAQs on Cryptocurrency Taxes in 2025
Cryptocurrency continues to raise questions for tax preparation clients, and 2025 brings even more complexity with new IRS guidance and reporting forms.…
Hillsborough Community College Students Thank Drake Software
Drake received thank-you letters from several Accounting and Taxation students at Hillsborough Community College in Florida.…
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Crossing the Digital Divide with Your Tax Practice
For years, industry experts have been calling for tax professionals to use various hardware and software technologies – CRM tools, document management systems, workflow and productivity software, and paperless technologies – to stay competitive and profitable.…
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Trends in Software
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Small Town Marketing
If you grew up “shooting the loop” every Friday night in high school, knew the names of every single person living on your block, or rode a tractor to school at least once, chances are that you grew…
Tax Preparation Outlook for 2016
A key component of strategic planning for any company is an understanding of the analytics for the industries in which they participate. For tax preparations services, that can be a problem.Much of…
Terry Durkin, EA, MBA: Two Generations of EAs; Two Generations of Drake
“You’ll know what to do.” Terry and her mother had always been close. After Barbara Durkin was diagnosed with lung cancer in 2003, Terry decided to come home and help with her mother’s tax practice. When talking about their relationship, Terry reminisces, “I can’t describe my mother in just one word: She was my role model, my friend, my mentor, and so much more. She was influential in every part of my life.”…
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How To Start A Successful Tax Preparation Business
The tax preparation industry consists of some 1.2 million paid professionals, according to US News and World Report, engaged in the preparation and filing of forms required by the federal, state and…
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IRS Notices and Guidance 0214 - Notice 2015-09 and Revenue Procedure 2015-17
The IRS recently released information pertaining to premium tax credits and nonprofit health insurance users.Notice 2015-09 provides limited relief for taxpayers who have a balance due on their 2014…
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Press Release: Filing Fake Documents to Hide Income Is Again on the IRS “Dirty Dozen” List of Tax Scams
WASHINGTON — Hiding taxable income by filing false Form 1099s or other fake documents is a scam that taxpayers should always avoid and guard against, the Internal Revenue Service said today. This…
