Drake Software blog for tax pros, covering tax, IRS news, and more
The Federal Register from Thursday, April 16 included proposed rulemaking that would reduce the cost of applying for and renewing a Paid Tax Identification Number from $33 with a $17 third-party fee to $21 with a $14.95 third-party fee.…
The Economic Impact Payment (EIP) program designed to ease the shock of halted employment during the coronavirus-related isolation period could experience some unexpected loopholes.…
Read more about Six States Could Tax Economic Impact Payments
We were impressed by how straightforward the entire process is.…
The IRS Get My Payment tool is now available, providing EIP recipients a convenient way to set up direct deposit for and track the status of their payment.…
TIGTA published its interim report, detailing tax-season challenges for the IRS that range from recent legislation to the COVID-19 outbreak.…
Read more about TIGTA Says This Tax Season Presents Uphill Climb to IRS
The Internal Revenue Service says it is extending additional tax deadlines for individuals and businesses.…
The IRS unveiled a new online tool to help non-filers register to receive an Economic Impact Payment (EIP): the “Non-Filers: Enter Payment Info Here” feature on IRS.gov.…
Read more about IRS Announces Online EIP Registration Tool for Non-Filers
The Internal Revenue Service has temporarily stopped processing paper tax returns, urging taxpayers to e-file instead.…
Collins, recently named the new National Taxpayer Advocate, has started her new position ahead of time in order to provide the Taxpayer Advocate Service (TAS) with complete leadership during this unsettled time.…
Drake Software today announced that Drake Tax supports Economic Impact Payment (EIP) returns, providing customers a way to help those who don’t typically file a return receive the payment recently authorized by the CARES Act.…
