Drake Software blog for tax pros, covering tax, IRS news, and more
A revamped tax transcript is now available for individual taxpayers and tax professionals. The IRS previously announced the improvements to the transcript design, which is aimed at making the product more secure.…
Victims of Hurricane Florence in South Carolina have gotten something they haven’t seen in recent weeks: good news. The IRS has included affected taxpayers in the Palmetto State in its tax relief measures in the wake of the disaster.…
Eligible businesses offering employees paid family and medical leave could take advantage of a new tax credit next filing season, according to an IRS press release.…
Read more about IRS Reminds Employers about Family- and Medical-Leave Tax Credit
The Internal Revenue Service this week issued the tenth and final installment in its Tax Security 101 email series, highlighting how to report client data theft incidents.…
Read more about Speed Matters When Reporting Client Data Theft
The IRS issued several withholding notifications throughout the year, including a four-part series advising small businesses to make timely estimated quarterly tax payments.…
Read more about IRS to Small Businesses: Don’t Forget Quarterly Estimated Tax Payments
The Internal Revenue Service’s effort to bring offshore accounts back into the U.S. will end Sept. 28, the agency says.…
Read more about Offshore Voluntary Compliance Program to End
Somewhere in the universe, a tax pro like you is hitting the Enter key on his computer to send a piece-of-cake 1040 on its merry way to the IRS.…
The Internal Revenue Service last week issued a Tax Tip outlining how the Tax Cuts and Jobs Act (TCJA) will affect section 529A ABLE accounts.…
Delaware Gov. John Carney has signed legislation aimed at protecting the state’s taxpayers from unscrupulous tax professionals.…
Read more about Delaware Governor Signs Tax Preparer Regulations
According to a recent IRS press release, changes are coming to the Compliance Assurance Program (CAP), which has helped large corporations avoid tax problems by working closely with the IRS Large Business and International division prior to filing since 2005.…
Read more about IRS Says Changes Coming to Compliance Assurance Program
