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

It's Small Business Week at the IRS

It's Small Business Week at the IRS

It’s National Small Business Week at the Internal Revenue Service! All this week the IRS will be emphasizing the many online resources it has available for small business owners and self-employed individuals.…

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Computer Glitch Blamed for NYS Tax Notice Miscue

Computer Glitch Blamed for NYS Tax Notice Miscue

A computer glitch is being blamed for an erroneous tax notice sent to some New York State taxpayers. Buffalo, N.Y. TV station WKBW reports the notices say the taxpayer’s income tax refund has been adjusted to zero because they “are not entitled to a refund.”…

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Amanda Explains QBI – EP25

Amanda Explains QBI – EP25

The Section 199A qualified business income (QBI) deduction has been a source of confusion for taxpayers and tax professionals alike since it debuted with the Tax Cuts and Jobs Act.…

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