Drake Software blog for tax pros, covering tax, IRS news, and more
By a vote of 6-3, the United States Supreme Court (SCOTUS) upheld the Patient Privacy and Affordable Care Act (ACA), ruling that the intent of the law was to ensure nationwide health care coverage. …
Read more about Supreme Court Upholds Federal Subsidies For The ACA
If you’re running Windows 7 or later, you may have noticed a small logo appear in the taskbar (generally in the lower right corner of the screen). Click on the logo and you’ll be taken to a “Get…
The IRS announced that roughly 44,000 tax return preparers earned a record of completion after participating in the first Annual Filing Season Program. As previously reported, those individuals…
Today, the IRS reminded taxpayers that money spent on summer day camps can be eligible for a tax credit if the attending child or dependent qualifies under the rules outlined in Publication 503. This…
You’ve heard the names of the top firms in tax preparation. The firms that have proven successful despite competition, ever-changing tax regulations, compliance requirements, and proposals for…
Yesterday, the IRS released a tax tip pertaining to the upcoming June 15 deadlines for U.S. citizens living abroad and foreign financial accounts. The reminder provides basic instructions for…
The purpose of this article is to explore the methods for analyzing cash-based businesses. We will explore techniques for uncovering unreported income. I will take you into the new digital world for…
On the heels of catastrophic flooding in Oklahoma and Texas and the official start of hurricane season, the IRS issued a tax tip reminding taxpayers and preparers that there are multiple ways the…
When Reid Hoffman and a team of former executives from PayPal and SocialNet.Com launched LinkedIn in the spring of 2003, it was as a resume-sharing site. From this humble beginning, it quickly…
Read more about Promoting Your Tax Preparation Business Using LinkedIn
Today the IRS confirmed that Get Transcript - an application allowing taxpayers to review "line-by-line tax return information or wage and income reported to [the IRS]" - was illegally accessed…
