This summer, the country has been hammered by extreme weather—from oppressive heat waves to torrential rains. In response to deadly flooding in Eastern Kentucky, the Internal Revenue Service announced tax relief for counties the Federal Emergency Management Agency declared disaster areas.…
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It’s never too early to start planning for the next tax season. For millions of tax pros, that means figuring how to make their operations more secure.…
![2022 Contactless Tax Preparation [Infographic]](/media/3055/2022-contactless-tax-preparation-infographic.png?anchor=center&mode=crop&width=1024&height=576&rnd=133028700630000000)
The pandemic forced businesses across the country to adjust how they served customers. Many customer-facing businesses adopted services like curbside pickup to protect both their employees and customers—programs proving so popular they outlived the restrictions that gave rise to them.…
Read more about 2022 Contactless Tax Preparation [Infographic]
One of the Internal Revenue Service’s main advisory committees is asking Congress to give the agency the funding it needs to function well. The recommendations, split into two categories, come from the Electronic Tax Administration Advisory Committee, or ETAAC, in its annual report to Congress.…
Read more about ETAAC Recommends IRS Funding, MeF Enhancements
Every year, the Internal Revenue Service hosts the Nationwide Tax Forum, providing tax professionals the opportunity to learn more about topics like tax law and cybersecurity. Unfortunately, the registration window for this year's event is about to close.…
Read more about Time Short to Register for Nationwide Tax Forum
National Taxpayer Advocate Erin Collins says the Internal Revenue Service is concerned about the 21.3 million paper-return backlog. In her midyear report to Congress, Collins notes that low-income families could face financial burdens as affected refunds are frequently delayed by 10 months.…
Read more about IRS Delays, Backlog Concerning to National Taxpayer Advocate
The Internal Revenue Service started using voice bots on many of its toll-free telephone lines around the first of the year. The system has already helped more than 3 million taxpayers avoid wait times for simple questions about payments or notices, and the agency is adding more options.…
Singer Neil Sadaka was right: breaking up is hard to do. For clients in the process of ending their marriage, there is more to consider than a simple separation of assets. Whether legally separating or divorcing, they could be facing big changes in their individual tax situations—and the Internal Revenue Service recently highlighted information that could help.…
Read more about Separation and Divorce Tax Issues to Consider
Due to rising gasoline prices, the Internal Revenue Service has taken the rare step of increasing its optional standard mileage rates for the last six months of the 2022 tax year. These rates are significant since taxpayers use them to calculate the deductible costs of operating a vehicle for business purposes.…
As an IRS-approved continuing education provider, we know that preparing for the upcoming filing season requires more than updating your professional tax preparation software. That’s why our education specialists work tirelessly to deliver self-study and on-demand continuing education courses. We’re proud to announce that the Drake Software 2022 Annual Federal Tax Refresher Course (AFTR) is now available!…
