Drake Software blog for tax pros, covering tax, IRS news, and more
ACA Credits Could Mean Lower Tax RefundsThe Affordable Care Act (ACA) is already proving to be confusing and costly for consumers, with widespread premium increases and plan cancellations. Now, the…
Winter 2014 Statistics of Income Bulletin Now Available The Internal Revenue Service announced the availability of the winter 2014 issue of the Statistics of Income Bulletin, which features…
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Though national tax-preparation companies have been promoting their services for weeks or months, local tax preparers have not. According to their research, generally local tax preparer's websites lack ...…
The federal minimum wage has remained at $7.25 per hour since 2009, but workers in several states will be making up to $2 more than the federal minimum thanks to automatic adjustments enacted to compensate for inflation...…
In response to the recent court ruling which precludes enforcement of the RTRP requirements, the IRS has issued a statement acknowledging that tax preparers do not currently have to meet these requirements...…
The following tax forms will be accepted by the IRS in late February or into March after updating forms and completing programming and testing of its processing systems. A specific date will be announced in the near future...…
Read more about List of IRS forms that 1040 filers can begin filing...
