Drake Software blog for tax pros, covering tax, IRS news, and more
Among the notable birthdays that occurred over this tax season is the IRS Form 1040, introduced in 1913 following the ratification of the 16th Amendment. That amendment gave the government the power to...…
Richmond’s Taxpayer Protection and Preparer Fraud Prevention Act of 2013 would give the Internal Revenue Service more oversight to certify paid tax preparers and ensure they are “competent, of good character and able to render services.” The legislation also would allow the IRS to...…
Every year, the IRS releases its “Dirty Dozen” list of fraudulent tax practices that refund filers should be aware of. While these offenses occur year-round, the IRS stated they tend to happen more frequently and in greater numbers during filing season...…
Since 1973, the Board of Tax Practitioners has protected Oregon consumers by ensuring tax preparers and consultants are competent and ethical in their professional activities. The board licenses about 4,400 tax practitioners in the state.…
Read more about Oregon Tax Preparers who Preyed on Immigrants are Shut Down...
According to the Obama Administration, the new steps will include increasing criminal sentences for those convicted of tax-related identity theft and creating new civil penalties for those who file fraudulent returns.…
Analysis by the Internal Revenue Service indicates that the error rate for individual tax returns has been cut by more than half. Last year, the IRS identified ...…
The number of unemployed college graduates who move back in with their parents (or other family members) might be a little surprising.…
A list of proposed tax reform options was circulated to member of the US Senate Finance Committee and lobbyists this week. Most of the proposals contained in the nine-page draft were modest administrative changes, and included:…
WASHINGTON —The Internal Revenue Service today provided late-payment penalty relief to individuals and businesses requesting a tax-filing extension because they are attaching to their returns any of the forms that couldn’t be filed until after January.…
Read more about Relief Available To Many Extension Requesters Claiming Tax Benefits
