Drake Software blog for tax pros, covering tax, IRS news, and more
New Guide Helps With Low Income Housing CreditLast Friday the IRS released the Low Income Housing Credit Audit Technique Guide, which - as the article states - "explains examination techniques, as…
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What You Need to Know When Deducting Job-Hunt ExpensesLast week the IRS released information pertaining to deducting job search costs, including a list of nine "key tax facts" on the subject.Perhaps…
Tax preparation professionals are fortunate in that they make use of computer hardware and software virtually every day of their working lives. The complexity of the tax laws, frequent legislative…
Read more about 10 Tedious Tax Office Chores You Should Automate
Deep Analysis of "Get Transcript" Incident Finds 220,000 Additional BreachesYesterday, the IRS issued a press release detailing new findings related to the "Get Transcript" data breach that was…
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…
Reconcile Premium Tax Credit Before October 15 Deadline for 2016 EligibilitySome of your clients who received advanced payment of their Premium Tax Credit may have received an IRS Letter 5591 or…
More than four out of five small businesses – including tax preparation firms and solo-practitioner CPA firms, have no plan for succession should the need arise. That’s according to a four-year study…
If your client, her spouse, or one of their dependents are attending college in the fall, the IRS has several back-to-school education tax credits available for families considering higher education.…
Small businesses are, according to the most recent data from the US Census Bureau, in serious trouble. The total number of business failures is now larger than the number of new business startups.…
IRS Tax Tips Cover Filing Deadline and Self-Insured EmployersThis week, the IRS released tips for taxpayers: the first regarding the deadline for those with an automatic six-month filing extension,…
