Drake Software blog for tax pros, covering tax, IRS news, and more

Bob Williams

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.

IRS Unveils 2022 Tax Forums Start Date

Bob Williams - April 26, 2022

The Internal Revenue Service says the 2022 Nationwide Tax Forum will kick off July 19, with the classes and online festivities going for more than five weeks.…

IRS Highlights Tax-Exempt Deadline

Bob Williams - April 22, 2022

Now that the filing season for personal income tax returns has closed, tax professionals everywhere can take a much-deserved breather.…

IRS Sending Notices to Address Withholding Errors

Bob Williams - April 18, 2022

The Internal Revenue Service is giving some filers a firm but friendly tap on the shoulder, letting them know some of the forms they’ve filed don’t match up with the agency’s records.…

IRS Updates 2021 RRC FAQs

Bob Williams - April 15, 2022

The Internal Revenue Service is continuing in its effort to give taxpayers the very latest information right up to the end of tax season, by updating its frequently asked questions (FAQs) for the 2021 Rebate Recovery Credit a second time this year.…

2020 Recovery Rebate Credit FAQs Updated Again

Bob Williams - April 14, 2022

The Internal Revenue Service wants taxpayers to know it has revised some of the frequently asked questions (FAQs) surrounding the Recovery Rebate Credit for a second time.The newly updated information…

IRS Issues Reminder for Q1 Estimated Tax Payment Deadline

Bob Williams - April 06, 2022

For millions of American taxpayers, all that stands between them and a big tax bill when they file are estimated tax payments.…

FBAR Deadline is April 15

Bob Williams - April 04, 2022

Those who own or control financial or bank accounts that are in a foreign country have some reporting to do, and soon. They have to file an annual Report of Foreign Bank and Financial Accounts—also known as the FBAR—on or before April 15.…

IRS Sends EIP3 Letters

Bob Williams - March 31, 2022

Now that the Internal Revenue Service has mailed Letters 6475 to all the taxpayers who got third-round Economic Impact Payments (EIPs), there’s only one door left open to those who didn’t get the full…

IRS Updates FAQs on Third-Round Economic Impact Payments

Bob Williams - March 29, 2022

The Internal Revenue Service is going the extra mile to ensure taxpayers have the newest information on the third-round Economic Impact Payment.…

IRS Updates FAQs on 2020 Unemployment Compensation Exclusion

Bob Williams - March 25, 2022

The Internal Revenue Service has issued a new set of frequently asked questions (FAQs) covering the unemployment compensation exclusion for the 2020 tax year.…