Provided by Drake Software

IRS Info About Deadline, Insurance



IRS Tax Tips Cover Filing Deadline and Self-Insured Employers

This week, the IRS released tips for taxpayers: the first regarding the deadline for those with an automatic six-month filing extension, and the second involving employers who are self-insured.

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Upcoming ACA Webinars from the IRS



In July, August, and September, the IRS is hosting a series of ACA-related webinars focusing on businesses providing health coverage for employees. Below are the subjects and dates of the IRS webinars sent out via their e-News service:

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Marketing Tax Planning to Special Needs Clients



The hardest part of the 2015 tax season is over.  Certainly, there are Form 990s to be filed for non-profits that took an extension back in May.  There are still quarterly filings for small businesses, and corporate filings that will come due.

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Should You Take a Workation?



In 2011, World at Work reported on a study by flexible office space company Regus documenting the fact that the majority of US professionals work during their vacations.

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Ahead of the Curve: Predicting a Client’s ACA-Related Taxes



As everyone gets ready for another tax season, it’s important to find and utilize tools that simplify and streamline new and complex aspects of tax preparation. The Taxpayer Advocate Service on IRS.gov provides ACA estimation tools, where tax preparers can refer clients to predict and adjust estimated tax charges and credits associated with health care. Understanding the function of each estimator* and when to use it may reduce client stress and the time needed to prepare the return.

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From the Shoebox to the Tax File



It’s the client most dreaded by tax preparers – the individual or small business manager who literally shows up to have their taxes prepared armed with only a boxful of receipts and unorganized statements.  The issue is not whether it is a box, or a file, or even a handful of paper.  It is, rather, that the tax preparer’s clerical staff must now log hours of work organizing these slips of paper and putting them into an electronic file.

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Health Care Tax Credit for Small Businesses



The IRS recently released information pertaining to the Small Business Health Care Tax Credit, outlining the prerequisites for receiving the credit and which forms need to be filed.

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IRS Hosts Tax Forums



Next week, the IRS will begin hosting the Nationwide Tax Forums, a series of three-day conferences covering ethical and legal issues facing the tax industry. Attendees can earn CPE, attend live seminars, and learn more about upcoming products.

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Terry Durkin, EA, MBA: Two Generations of EAs; Two Generations of Drake



Terry Durkin, EA, MBA, is the sole proprietor of Durkin Associates

Terry Durkin, EA, MBA, is the sole proprietor of Durkin Associates

“You’ll know what to do.”

Terry and her mother had always been close. After Barbara Durkin was diagnosed with lung cancer in 2003, Terry decided to come home and help with her mother’s tax practice. When talking about their relationship, Terry reminisces, “I can’t describe my mother in just one word: She was my role model, my friend, my mentor, and so much more. She was influential in every part of my life.”

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Do Taxpayers Fear Identity Theft?



There is no question that identity theft – particularly as it relates to taxes – is a major criminal activity and a serious threat.  The Federal Trade Commission (FTC) notes that last year this segment of fraudulent crimes topped its list of consumer complaints for the 15th consecutive year.

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