Drake Software blog for tax pros, covering tax, IRS news, and more
Taxing Subjects has another filing season update on the latest episode of the Taxing Subjects Podcast.…
Read more about Taxing Subjects on Tax Season Stats, Virtual Currency, and More – E42
The House Ways and Means Committee yesterday sent a letter to the Internal Revenue Service to ask whether the April 15 deadline should be extended due to concerns about the coronavirus.…
Read more about Ways and Means to IRS: Will COVID-19 Delay Filing Deadline?
Victims of the recent tornadoes that swept through Tennessee have gotten some tax relief from the Internal Revenue Service.…
Read more about Tennessee Tornado Victims Get Tax Relief from IRS
Download the "Does My Client Qualify for QBI?" infographic.…
The IRS is continuing its taxpayer-education outreach by highlighting the Credit for Other Dependents in a recent press release.…
Read more about IRS Highlights the Credit for Other Dependents
The federal office tasked with overseeing the Internal Revenue Service says fraudulent claims for refundable credits are going through – in spite of the tools Congress gave the agency to stop them.…
Read more about IRS Allowing Fraudulent Credits to Go Through, Audit Finds
Drake Software Vice President of Strategic Development John Sapp, CPA, discusses the section 199A qualified business income deduction.…
Read more about John Sapp, CPA, Explains the QBI Safe Harbor Rule – E41
If any of your clients make two thirds of their gross income from farming or fishing, they may need to file a Form 1040 and pay tax due on Monday.…
Read more about IRS Wants Farmers and Fishermen to Remember March 2 Deadline
GruntWorx Vice President Julie Pierce explains how Organize, Populate, and Trades can save tax practices time.…
Read more about Julie Pierce on How GruntWorx Can Save Time – E40
