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.
Cryptocurrencies have made some early adopters a lot of money, which—for conscientious taxpayers and tax professionals alike—begs the question: how does IRS handle Bitcoin and other virtual currency?
According to a recent Politico report, President Trump intends to nominate Charles Rettig as the next IRS Commissioner.
For the past 12 years, the Internal Revenue Service and members of the tax industry have come together in an outreach campaign called “EITC Awareness Day.”
Want to know what's new for Drake Tax this filing season? We recently had Drake Software Vice President of Education James Stork and Drake Education Tax Team Lead Amanda Watson in the studio to talk about some of this year’s Drake enhancements.
Senate leadership today reached a deal to reopen the federal government, having passed the procedural-vote hurdle this afternoon (81-18). The agreement comes just days after Friday’s continuing resolution failed to garner the 60 votes required to avoid a filibuster.
We’re a little less than two weeks away from the start of tax season, and, as always, certain taxpayers will have extra check boxes on their to-do lists. Up today: people with delinquent tax debt and returns claiming ACTC and EITC.
The tax reform bill passed before the end of 2017, meaning that clients may have questions about how it impacts their tax liability in the years to come.
The Internal Revenue Service officially announced tax season begins on Monday, January 29, 2018.
One of the most difficult things about having any kind of business is simply being found by potential customers. Whether you're just starting out or have been in the tax business for a while, this is one of those topics that can be both frustrating and intimidating.