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

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Help Clients File Digital Asset Taxes with Confidence

Drake Software Blog Team - February 04, 2025
Help Clients File Digital Asset Taxes with Confidence

From cryptocurrencies like Bitcoin to NFTs and other blockchain-based tokens, digital assets present unique challenges—and opportunities—in tax compliance. Staying informed about digital assets and how they are treated for tax purposes is vital for tax professionals to serve their clients effectively.…

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IRS Extends Tax Relief for Southern California Wildfire Victims

Drake Software Blog Team - January 27, 2025
IRS Extends Tax Relief for Southern California Wildfire Victims

There are significant tax relief measures for individuals and businesses affected by wildfires and straight-line winds in southern California. Learn more about these measures.…

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Tax Filing Timeline: When Does E-File Start?

Drake Software Blog Team - January 22, 2025
Tax Filing Timeline: When Does E-File Start?

The IRS will begin accepting individual returns on Monday, Jan. 27, 202. Read more.…

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Resources for Tax Professionals for Tax Season 2024

Drake Software Blog Team - January 14, 2025
Resources for Tax Professionals for Tax Season 2024

Kick off tax season 2024 with tips, updates, and tools from Drake Software. Discover resources to help tax professionals succeed this season.…

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Preparing for Policy Changes Ahead of the 2025 Tax Season

Drake Software Blog Team - December 20, 2024
Preparing for Policy Changes Ahead of the 2025 Tax Season

With a new president and GOP control of the House and Senate, we've created an overview of what may happen and how to prepare for 2025 tax season. Read more.…

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Tax Year 2024 Updates: Essential Insights for Tax Professionals

Drake Software Blog Team - December 16, 2024
Tax Year 2024 Updates: Essential Insights for Tax Professionals

Navigating AI, Compliance, and Tax Credits in the Evolving Tax Landscape…

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Drake Refund Pay™ is Here: A No-Cost-to-Client "Pay-by-Refund" Option

Drake Software Blog Team - November 20, 2024
Drake Refund Pay™ is Here: A No-Cost-to-Client "Pay-by-Refund" Option

Drake Refund Pay allows clients to pay tax prep fees directly from their refund at no cost to them. Find out more.…

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Now Available: Get Your Tax Year 2024 Desk Reference Guide [Free Download]

Drake Software Blog Team - October 30, 2024
Now Available: Get Your Tax Year 2024 Desk Reference Guide [Free Download]

From updated deductions to child tax credits and much more, make your tax season a little easier with our 2024 desk reference guide. Download the free tax reference guide today.…

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Help Taxpayers Settle their IRS Debts with Community Tax

Drake Software Blog Team - October 18, 2024
Help Taxpayers Settle their IRS Debts with Community Tax

We’re teaming up with Community Tax, a leading provider of tax resolution services. Learn more about Community Tax and the tax debt solutions that can be offered to taxpayers.…

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10 Tips to Help Protect Your Tax Business from a Cyber Attack [Free Download]

Drake Software Blog Team - October 16, 2024
10 Tips to Help Protect Your Tax Business from a Cyber Attack [Free Download]

The last thing you want is to become the next headline in a cybersecurity breach. Get ten tips that can help keep your tax business safe. Learn more and download our latest checklist.…

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