Drake Software blog for tax pros, covering tax, IRS news, and more
Scammers are trying to capitalize on millions of taxpayers anticipating stimulus money by deploying phone- and email-based phishing scams.…
Read more about Tax Industry Warns of Stimulus Payment Scams
Businesses across the country are grappling with the challenges of limiting social contact, and the Internal Revenue Service is no exception.…
Read more about IRS Temporarily Suspends Three Phone Support Lines, IVES Request Processing
The agency has shut down all Taxpayer Assistance Centers and discontinued face-to-face service throughout the country until further notice.…
CPA Practice Advisor published its 2020 Readers’ Choice Awards, which asks respondents to rate their experience with tax preparation-related software and equipment. Drake Software customers once again gave Drake Software products the highest satisfaction ratings in five categories: Federal/State Income Tax Compliance, Tax Planning Systems, Document Management and Storage, 1099/W-2 Compliance, and Client Portals.…
Read more about CPA Practice Advisor 2020 Readers’ Choice Awards Results
The Treasury Department, along with the IRS and the U.S. Department of Labor, have unveiled a package of tax credits for small and midsize employers can use to “immediately and fully” reimburse them, dollar-for-dollar, for the cost of providing Coronavirus-related leave to employees.…
Read more about Treasury Announces Tax Credits for Virus-Hit Businesses
Treasury Secretary Steven Mnuchin announced on Twitter that taxpayers now have an additional 90 days to file their tax returns.…
Read more about Treasury Secretary Mnuchin Announces New Filing Deadline
COVID-19 has disrupted daily life for taxpayers across the country. Whether due to school closures or businesses shutting down, change is the one thing that feels inevitable.…
Read more about COVID-19 Causes Delay of Tax Payment Deadline
With the United States beginning to feel the effects of the coronavirus pandemic, many taxpayers will have to confront another harsh reality: how to pay for the advanced medical care that could be needed to save their lives.…
Read more about IRS Ruling Lets High-Deductible Health Plans Cover Coronavirus Costs
