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

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IRS Announces Tax Relief for Pennsylvania

Bob Williams - September 14, 2021
IRS Announces Tax Relief for Pennsylvania

Parts of Pennsylvania have been added to the list of locations eligible for tax relief measures in the wake of Hurricane Ida.…

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COVID Home Tests Reimbursable

Bob Williams - September 13, 2021
COVID Home Tests Reimbursable

With the recent developments in the battle against COVID-19, health authorities are turning to tests for the virus that can be carried out at home.…

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Mississippi Gets Hurricane Ida Tax Relief

Ryan Norton - September 10, 2021
Mississippi Gets Hurricane Ida Tax Relief

The Internal Revenue Service announced that Mississippi will now receive tax relief in the wake of Hurricane Ida, delaying some filing and payment deadlines for affected taxpayers. The Magnolia State joins a list that currently includes Louisiana, New Jersey, and New York.…

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Tax Relief for Storm Victims Expands to Northeast

Bob Williams - September 10, 2021
Tax Relief for Storm Victims Expands to Northeast

Just as Hurricane Ida wreaked danger and misery to people from Louisiana to the Northeast, the Internal Revenue Service is expanding its tax relief for the storm’s victims.…

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No Dyed Fuel Penalty for Some in Louisiana

Bob Williams - September 08, 2021
No Dyed Fuel Penalty for Some in Louisiana

When a major natural disaster strikes, it’s not uncommon for federal officials to pull out all the stops at their disposal to speed the wheels of recovery. That’s what’s happening now in Louisiana, in the wake of Hurricane Ida.…

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IRS Has Tips for Rebuilding Tax Records

Bob Williams - September 07, 2021
IRS Has Tips for Rebuilding Tax Records

This summer, the U.S. has been subjected to more than its share of natural disasters. While disaster survivors may look at their tasks mainly as clearing debris and rebuilding structures, there’s another tool in the recovery tool belt that is just as important: actions that rebuild the taxpayer’s financial records.…

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JofA 2021 Tax Software Survey Results Are In

Ryan Norton - September 03, 2021
JofA 2021 Tax Software Survey Results Are In

User reviews are an essential part of making any purchase. From ladles to laptops, our online shopping ritual includes scrolling down the page to read the typed comments under the star rating.…

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Drake Top Rated in 7 NATP Categories

Ryan Norton - September 02, 2021
Drake Top Rated in 7 NATP Categories

The National Association of Tax Professionals published the results of their 2021 Software Survey, which asks respondents about their experience with their tax preparation software. The survey covers a number of topics, ranging from reliability to support—providing readers a full picture of the service they can expect when using a given product.…

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Hurricane Ida Victims Getting Tax Relief

Bob Williams - September 01, 2021
Hurricane Ida Victims Getting Tax Relief

The Internal Revenue Service has wasted no time in granting important tax relief to those most impacted by Hurricane Ida. The storm clouds that brought destruction to much of Louisiana and other parts of the Gulf Coast had barely cleared before the relief measures were announced.…

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How Moving to the Cloud Has Changed My Business

Taxing Subjects - August 31, 2021
How Moving to the Cloud Has Changed My Business

Drake Software and Rightworks sponsored “How Moving to the Cloud Has Changed My Business,” a panel discussion about using cloud-based products in tax and accounting firms.…

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