Drake Software blog for tax pros, covering tax, IRS news, and more
Filing Season Starts Today, January 20. Are you ready? The IRS has a variety of online tools to assist you this filing season. Visit Basic Tools for Tax Professionals for information you need to file…
Online Tools Designed to Assist PreparersFiling Season Starts January 20. Are you ready? The IRS has a variety of online tools to assist you this filing season. Visit Basic Tools for Tax…
Outlines Warning Signs that Client Information Could be CompromisedTax preparers play a critical role in assisting clients, both individuals and businesses, who are victims of tax-related identity…
Read more about IRS Updated Identity Theft Information for Tax Preparers
The United States Supreme Court will hear oral arguments on the constitutionality of the Patient Protection and Affordable Care Act (“ACA”) on March 4, 2015.The case, formally known as David King et…
Read more about Supreme Court To Hear Oral Arguments on Obamacare March 4, 2015
Beginning in November 2014, the Internal Revenue Service began its sixth year of a hands-on effort to improve the accuracy and quality of tax returns and to heighten awareness of preparer…
Read more about IRS Letters to Tax Preparation Professionals
Taxpayers Who Married in 2014 Should Report Change to ACA MarketplaceNewlyweds in 2014 who received advance premium tax credit payments should take note of the Alternative Marriage Calculation on Form…
Read more about ACA Basics - The Alternative Marriage Calculation for Newlyweds
Study Examines Social Media UsageInovautus Consulting, SocialCPAs and the Association for Accounting Marketing (AAM) have released their study, "How Accounting Firms Use Social Media Today,"…
Read more about New Study Released: "How Accounting Firms Use Social Media Today"
Announcement 2015-2 provides a simplified VCAP process for issuers of qualified 501(c)(3) bonds, as defined in the Announcement, to request a closing agreement in situations in which the borrower of…
WASHINGTON -- Following the passage of the extenders legislation, the Internal Revenue Service announced today it anticipates opening the 2015 filing season as scheduled in January.The IRS will begin…
Read more about Tax Season Opens As Planned Following Extenders Legislation
WASHINGTON — Certain owners of individual retirement arrangements (IRAs) have a limited time to make tax-free transfers to eligible charities and have them count for tax-year 2014, the Internal…
