Drake Software blog for tax pros, covering tax, IRS news, and more

New IRS Notices and Forms

New IRS Notices and Forms

A new revision of the Form 656-B booklet, with forms and instructions for submitting an Offer in Compromise (OIC), will be available on IRS.gov in January. The use of earlier versions after Jan. 1…

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Tax Preparer Legislation Filed

Tax Preparer Legislation Filed

Richmond’s Taxpayer Protection and Preparer Fraud Prevention Act of 2013 would give the Internal Revenue Service more oversight to certify paid tax preparers and ensure they are “competent, of good character and able to render services.” The legislation also would allow the IRS to...…

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