Taxpayers whose outstanding tax bill has been referred to a private debt collector have a new way to pay, according to a recent IRS press release.…
October is National Work and Family Month, and to celebrate, the IRS is issuing informative tips on the work-life balance. Topics include family businesses, family tax credits, military tax benefits, scams and security issues.…
We’re nearing the end of 2019, and that means choosing the software that your office will use next filing season. Drake Accounting Development Manager Jay Eager walks us through new features in Drake Accounting, including bulk e-filing of Forms W-2 and W-3, multi-factor authentication, and more.…
The IRS this week reminded taxpayers that the filing deadline for those with a tax extension is Tuesday, October 15, 2019. Generally, taxpayers who request an extension are given an extra six months to file their tax return with the IRS.…
American farmers and ranchers forced to sell livestock due to drought have been given some tax relief by the IRS. The measures give qualified taxpayers an extra year to replace livestock and defer tax on gains from the forced sales.…
An audit into the IRS electric plug-in car credit has found that ineligible vehicles have been able to get the credit, costing the agency nearly $74 million.…
The IRS has released draft forms for revised versions of Form 1065, Form 1120-S and Schedule K-1 for tax year 2019. The Internal Revenue Service says the changes aim to improve “quality of the information reported by partnerships, both to the IRS and the partners of such entities.”…
The Internal Revenue Service on Friday announced that it is ending the Form W-2 Verification Code pilot program.…
We asked Drake Software Vice President of Internal Operations Jami Gibson back to the Taxing Subjects Podcast studio to discuss the Security Six, data security plans, the signs of data theft, and more.…
Taxpayers interested in taking the section 199A qualified business income deduction (QBI) for their rental property will be happy to learn that the IRS announced a finalized safe harbor rule this week.…
