Drake Software blog for tax pros, covering tax, IRS news, and more
In the two previous posts, we took a look at some of the assessments the IRS leadership made about 2019 and how the agency responded. In this edition, we’ll look forward.…
Read more about IRS Annual Report: Six Goals and a Look Ahead
Tax clients who had their student loans forgiven have even more cause for celebration this week.…
Read more about New Revenue Procedure Extends Discharged Loan Relief
The Internal Revenue Service recently unveiled the Gig Economy Tax Center, a new online resource for freelancers.…
Read more about IRS Unveils New Online Resource for Freelancers
The annual report issued by the Internal Revenue Service spotlights the agency’s new “can-do” philosophy while giving us a glimpse into the enormous workload still needed to bring the IRS into the 21st century.…
Read more about IRS Annual Report: Personnel, Technology, and More
The Internal Revenue Service this week announced that Congress has received the National Taxpayer Advocate’s 2019 Annual Report to Congress.…
Read more about What’s in the Taxpayer Advocate’s 2019 Annual Report to Congress?
The Internal Revenue Service has released its annual report for 2019, giving Commissioner Chuck Rettig a chance to explain the improvements implemented in the American tax system in the last year.…
Read more about IRS Annual Report: Tax Changes and Enforcement
The Internal Revenue Service has confirmed that it will begin accepting and processing 2019 returns on January 27, opening the gates for millions of individual tax return filers.…
Read more about 2019 Filing Season to Start January 27, IRS Says
The Internal Revenue Service has set the optional standard mileage rates for 2020. These rates are used to figure the deductible costs of operating a vehicle for business, charitable, medical or moving purposes.…
IRS Commissioner Chuck Rettig promises that the Internal Revenue Service will continue to go after those involved in “aggressive syndicated easement transactions.”…
Read more about IRS Promises to Go After “Aggressive Syndicated Easement Transactions”
