Drake Software blog for tax pros, covering tax, IRS news, and more
The Internal Revenue Service has put a little more cushion into its standard mileage rates, so taxpayers won’t have such a big bite taken out of their pockets by fuel prices.…
As the phrase goes, all good things come to an end, and the Internal Revenue Service is saying just that about the advance payments of the Child Tax Credit, or CTC.…
Drake Software, LLC (“Drake”) is aware of the recently disclosed Apache Log4j Remote Code Execution Vulnerability, and has taken the following steps to ensure the continued protection of its operations and customers.…
Read more about Drake Software Statement on the Apache Log4j Vulnerability
The CPA Journal this week announced the results of its twentieth annual survey of members of the New York State Society of CPAs, titled “Tax Software in the Ongoing Pandemic Environment.” Respondents were asked about a range of issues, from problems faced throughout filing season to how their tax software performed.…
Read more about Drake Takes 5 Categories in Survey of NYSSCPAs
The Internal Revenue Service is moving quickly to do its part in relief efforts targeting tornado victims in Kentucky.…
The IRS, the Independent Sector, and the National Council of Nonprofits are this week reminding non-itemizers that charitable contributions made this year may qualify for a tax deduction. This temporary rule comes from a provision in the Coronavirus Aid, Relief, and Economic Security (CARES) Act that was designed to help cash-strapped nonprofits during the pandemic.…
Read more about IRS, Nonprofits Remind Taxpayers About Deduction
The Internal Revenue Service has updated its online information with the aim of helping individual taxpayers qualify for Economic Impact Payments (EIPs) if they didn’t already get one.…
![Taxes Today: A Discussion of ACTC & Hot Topics [Webinar]](/media/2930/actc2.png?anchor=center&mode=crop&width=1024&height=576&rnd=132843111390000000)
The National Association of Tax Professionals recently hosted “Taxes Today: A Discussion of ACTC & Hot Topics,” an on-demand webinar including experts from the NATP and Drake Software:Drake Software…
Read more about Taxes Today: A Discussion of ACTC & Hot Topics [Webinar]
While most Americans have their eyes firmly on the Christmas holidays, many US retirees have another milestone to consider.…
Read more about IRS: Don't Forget the Required Minimum Distributions Deadline
Tax professionals have been in the crosshairs of cybercriminals for some time now, and it’s only getting worse. Now, the crooks are casting their nets, not only for client data, but to snare vital data of the tax pros themselves.…
