Drake Software blog for tax pros, covering tax, IRS news, and more
The IRS recently published the hours of operation for their eHelp service. This document identifies upcoming holidays that the eHelp office will be closed:Due to Budget restrictions for 2015, extended…
Read more about Press Release: IRS Cuts eHelp Hours For Tax Professionals
Consumer Protection Initiative Aims to Train Tax PreparersContinuing education is phase two of New York’s first tax preparer regulations; training is vital because 70% of New Yorkers hire tax…
Read more about NYS Tax Department Launches NY’s First Tax Preparer Continuing Education Program
WASHINGTON — The Internal Revenue Service issued the 2015 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving…
Read more about New Standard Mileage Rates Now Available; Business Rate to Rise in 2015
Information for Employers About Their Responsibilities Under the Affordable Care Act If you are an employer, the number of employees in your business will affect what you need to know about the…
Read more about Information for Employers about Their Responsibilities Under the Affordable Care Act
ACA Credits Could Mean Lower Tax RefundsThe Affordable Care Act (ACA) is already proving to be confusing and costly for consumers, with widespread premium increases and plan cancellations. Now, the…
In an effort to combat fraud and identity theft, new IRS procedures effective January 2015 will limit the number of refunds electronically deposited into a single financial account or pre-paid debit…
Read more about New Direct Deposit Limits Could Affect Preparers and Their Customers
10 Tips For Staying Sane During Tax Season It’s now halfway through tax season, and you've already filed more returns than last year at this time. Customers are lined up out the door, workflow is…
IRS: Volume High At Start of Tax Season WASHINGTON — The IRS announced that, three weeks into the filing season, it has received about one-third of the individual income tax returns that it expects…
IRS Kicks Off 2014 Tax Season; Individual Returns Can Be Filed Now; Free Online Services Available to Help With Filing, Refunds, EITC WASHINGTON — The Internal Revenue Service today opened the 2014…
Sequester May Hurt IRS Collection EffortsThe head of the Internal Revenue Service is warning that the government-wide spending cuts that took effect last month could hurt federal tax collections.IRS…
