Drake Software blog for tax pros, covering tax, IRS news, and more
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
Effect of Sequestration on Small Business Health Care Tax Credit - Tax-Exempt Employers OnlyDue to sequestration, refund payments issued to certain small tax-exempt employers claiming the refundable…
Read more about ACA Basics Effect of Sequestration on Small Business
You May be in for a Big Surprise!Consumers who avoided signing up for a qualified health care plan under the Affordable Care Act may be in for a rude surprise. It turns out that the widely-quoted $95…
Read more about ACA Basics – Tax Penalties Loom For Those Not Registered
Be Prepared for Tax Season A well-organized office that has prepared for the upcoming months can make the sailing much smoother during a fast-paced time. Here are some other important steps you can…
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
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
Democratic Lawmakers Introduced Bills to Curb the PracticeIn the wake of Burger King’s announced purchase of Canadian doughnut maker Tim Horton’s to reduce its international tax burden, Democratic…
Read more about Congress Introduces Legislation to Curb Corporate Tax Inversions
Attention non-credentialed tax return preparers:Drake now offers everything you need to earn your Record of Completion through the IRS’s voluntary Annual Filing Season Program (AFSP). You can complete…
Read more about Annual Federal Tax Refresher (AFTR) Course Now Available
