Drake Software blog for tax pros, covering tax, IRS news, and more
The IRS recently released information about a number of announcements, rulings, and notices. Five of those items, Announcement 2014-34, Revenue Ruling 2014-29, Announcement 2014-38, Announcement…
Read more about IRS Publishes Technical Guidance on Five Issues
The Internal Revenue Service has issued technical guidance for the following issues: Notice 2014-78 provides guidance on the corporate bond monthly yield curve, the corresponding spot segment rates,…
Read more about IRS Publishes Technical Guidance On Four Issues
IRS YouTube Videos:Required Withdrawals from Your IRA: English | Spanish | ASLPodcasts:Required Withdrawals from Your IRA: English | SpanishIR-2014-112, Dec. 8, 2014WASHINGTON — The Internal Revenue…
Read more about Most Retirees Need to Take Required Retirement Plan Distributions by Dec. 31
Under some Circumstances, you won’t have to make the paymentMost people must have health coverage or pay a fee (also known as “the penalty,” the “individual shared responsibility payment,” or the…
Read more about ACA Basics – Fee Exemptions for Not Having Coverage
Scam Phone Calls Continue; IRS Unveils New Video to Warn Taxpayers IRS YouTube Video:IR-2014-105, Oct. 31, 2014WASHINGTON — As incidents of an aggressive telephone scam continue across the country,…
Read more about Scam Phone Calls Continue; IRS Unveils New Video to Warn Taxpayers
As of May 2, 2014, the IRS Received More than 135.5 Million Individual Income Tax ReturnsWASHINGTON – The Treasury Inspector General for Tax Administration (TIGTA) released its annual review of the…
Read more about Key Tax Provisions Were Implemented Correctly for the 2014 Filing Season
Does Your Customer’s Health Insurance Meet The Minimum Standards? The Affordable Care Act calls for individuals to have qualifying health insurance coverage for each month of the year, have an…
Senators Wicker and Nelson Call on IRS to Address Tax Refund Fraud Bipartisan Coalition Urges Agency to Make Fraud Reduction a Top PriorityWASHINGTON – U.S. Senators Roger Wicker, R-Miss., and Bill…
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
Facing Challenges - Creating SolutionsThe Challenge: Melding two management styles and different levels of experience into a single, client-focused tax practice.The Solution: Recognizing that clients…
