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

Accounting Today Looks at the IRS COVID-19 Response

Accounting Today Looks at the IRS COVID-19 Response

For many of us, we’re living in a time that has no comparison. We’ve seen wars, famines, economic crashes, but no pandemic—until now. Jim Buttonow of Accounting Today magazine says for the Internal Revenue Service, a bad situation may be about to get even worse.…

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Working from Home - And State Taxes

Working from Home - And State Taxes

One of the ways American business changed with the coronavirus is that thousands—if not millions—of employees are now working from home. The good news is that they’re getting the job done while practicing social distancing.…

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IRS Explains the Coronavirus Stimulus Scam

IRS Explains the Coronavirus Stimulus Scam

Scammers are posing as government officials and contacting targets to request information they say is required to process coronavirus stimulus payments. Unfortunately, they are now using every tactic possible, from email and phone scams to text messages, social media, and fake websites.…

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NASBA Recommends CPE Grace Period

NASBA Recommends CPE Grace Period

The National Association of State Boards of Accountancy (NASBA) on Tuesday announced that it was recommending state boards of accountancy across the country extend their CPE-completion deadlines to accommodate accountants affected by COVID-19 disruptions.…

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Economic Impact Payments: The Facts

Economic Impact Payments: The Facts

Distribution of the federal government’s economic impact payments, meant to counter the economic effects of the coronavirus pandemic in the U.S., is scheduled to start in the coming weeks, according…

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