Drake Software blog for tax pros, covering tax, IRS news, and more
A report from the Treasury Inspector General for Tax Administration (TIGTA) finds that despite measures by the Internal Revenue Service to flag possibly fraudulent business returns, a significant number of bogus returns are slipping through.…
Read more about Audit Finds Business Identity Theft Controls Still Lacking
The Internal Revenue Service says taxpayers need to check on their withholding levels to see if they have the right amount of tax held out of their paychecks. The reason is the new tax reform law that…
Read more about IRS Recommends Withholding Checkup for Taxpayers
A group of tax practitioners are lending their observations and recommendations on what their colleagues in the income tax industry ought to be doing about security.…
Read more about Tax Pros Offer Hard Lessons, Advice on Security
The Internal Revenue Service says it will issue regulations on some tax law changes that affect 529 college savings plans.…
Read more about IRS to Issue Guidance on College Savings Plans
The Internal Revenue Service has released a new, expanded guide for tax professionals that can be used in the fight to protect data.…
It sounds so elementary: to protect their firm’s data and clients’ information from identity thieves, tax professionals must use strong passwords and encryption. And yet, it’s a statement worth…
Read more about Strong Passwords, Encryption can Protect Taxpayer Data
By most accounts, the Internal Revenue Service has made big advances in data security over just a few years ago.…
Read more about GAO Urges IRS to Beef Up Taxpayer Authentication
New York, Connecticut, Maryland, and New Jersey are suing the federal government, claiming the SALT limitation is unconstitutional.…
When it comes to keeping your business’ data secure – and that of your clients – you now have some new items on your to-do list.…
Read more about "Security Six" Help Safeguard Tax Pros’ Client Data
The Internal Revenue Service and members of the Security Summit warn the nation’s tax professionals that it’s time to improve security measures for protecting their data and the data of their clients.…
