Drake Software blog for tax pros, covering tax, IRS news, and more
![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.…
New guidance is available for employers on the retroactive termination of the Employee Retention Credit.…
Read more about New Guidance for the Employee Retention Credit
An IP PIN is a six-digit number known only to the taxpayer and the IRS, assigned to eligible taxpayers to help stop the misuse of their Social Security number or Individual Taxpayer Identification Number (ITIN). Identity thieves file fake income tax returns using these numbers to claim fraudulent refunds.…
With the passage of Thanksgiving, Americans are shifting into gifting mode. For many, that means giving a holiday monetary gift to a well-deserving charity of one sort or another.…
Now that the IRS is putting the wraps on the last installment of the Advance Child Tax Credit payments for 2021, some taxpayers who didn’t apply for other credits might get a reminder to do a little extra checking.…
The Internal Revenue Service is making a pitch about the Advance Child Tax Credit payments that smacks of the spiel for sale pricing from used car dealers: “When it’s gone, it’s gone!”…
In October, we told readers about IRS relief measures that applied to some 19 Mississippi counties impacted by Hurricane Ida. That relief has now been expanded to add 63 other counties, covering the…
The Internal Revenue Service says tax professionals spoke—and the agency listened. After getting comments from tax pros, the IRS has now increased the number of transcripts a professional preparer can get on any one client.…
Read more about IRS Announces Increased Transcript Limit for Tax Pros
