Bob Williams

Bob Williams
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Forget genes; I’ve got words in my DNA. Communication has been part of who I am nearly all my life. From a long career in radio news to another one in newspapers – and a University of Georgia journalism degree sandwiched between the two – language has been my life. I’ve also been fortunate to have learned the tax business from the ground up here at Drake, starting with 1040.com online forms some years ago before moving on to work on the Web. In all things tax-ish, we aim to give you tools you can use.
For IRS, the Real Work Starts After Tax Season

For IRS, the Real Work Starts After Tax Season

With the TY2017 tax season coming down to the final hours, the acting IRS commissioner feels pretty good about his agency’s performance thus far. But the big crunch, he says, comes after tax deadline has come and gone.
Watch for Last Minute Tax Scams

Watch for Last-Minute Tax Scams

The April 17 deadline for filing will bring this tax season to a close before we know it. So it makes sense that the bad guys are planning to make hay while the sun shines. Identity thieves and scammers are unleashing a new campaign to beat the deadline.
Time Running Short to File 2014 Returns for Refund

Time Running Short to File 2014 Returns for Refund

The Internal Revenue Service is reminding taxpayers that time is short to file their 2014 income tax return for a refund. Some $1 billion in refunds is yet unclaimed from TY2014. In order to claim a refund due, taxpayers must file their 2014 federal return by April 17.
Virtual Income is Taxable, IRS Reminds

Virtual Income is Taxable, IRS Reminds

Baffled by Bitcoin? In the dark over Litecoin but find Ethereum engaging? No matter what your attitude toward the use of virtual currency, the Internal...
Avoiding the Dirty Dozen

Avoiding the Dirty Dozen

In our last post, we laid out this year’s “Dirty Dozen” tax scams as ranked by the Internal Revenue Service. The annual list looks at the worst scams likely to beset taxpayers and tax pros during the coming year.
IRS Unveils the Dirty Dozen List for 2018

IRS Unveils the “Dirty Dozen” List for 2018

Every tax season, the Internal Revenue Service releases what it terms the “Dirty Dozen” list of top tax scams. While some of the scams...
Security Summit Reminds Tax Pros to Protect EFINs, PTINs

Security Summit Reminds Tax Pros to Protect EFINs, PTINs

Income tax professionals from preparers to CPAs and EAs are being reminded to maintain and monitor their various identification numbers that enable them to e-file. The reminder comes from the Security Summit, the joint effort between the IRS, state taxing agencies and tax industry partners that’s been tasked with helping to find winning strategies against identity theft and income tax refund fraud.
Things to Remember About Early Withdrawals from Retirement Plans

Things to Remember About Early Withdrawals from Retirement Plans

Somewhere between the time we start our work careers and the time we finally retire, life happens. During that time span, many taxpayers feel the need to dip into their Individual Retirement Account (IRA) or their retirement plan in order to pay expenses.
Winter Storms Prompt IRS to Grant Relief to Businesses

Winter Storms Prompt IRS to Grant Relief to Businesses

It’s been a rough winter for residents of the Northeast: three severe winter storms in just two months. Fortunately, the IRS is helping to take a little of the bite out of the winter wind for those most affected.
$1 Billion in Refunds Unclaimed from 2014

$1 Billion in Refunds Still Unclaimed from 2014 Returns

About a million taxpayers could have some cash waiting for them, provided they file their 2014 income tax returns.

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Tax Year 2017 Desk Reference Guide

Tax Year 2017 Desk Reference Guide
When you’re in the midst of a busy tax season, it helps to have important information consolidated, organized, and easily within reach.

2017 “How Do Your Tax Prep Fees Stack Up?” Results

2017 How Do Your Tax Prep Fees Stack Up?
Drake Software surveyed more than 2,800 tax professionals in October, looking at tax prep fees by professional certification, like CPAs, EAs, and attorneys; the estimated number of returns for the upcoming filing season; and more.  

Budget Bill Passed, Renews Tax Extenders

Budget Bill Passed, Renews Tax Extenders
After a brief shutdown overnight, the House voted to reopen the government by passing a $400 billion budget that increases spending caps, raises the debt ceiling, and provides disaster relief for Texas, Florida, and Puerto Rico. President Trump signed it into law this morning.
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