Drake Software blog for tax pros, covering tax, IRS news, and more
The Internal Revenue Service says it plans to beef up background checks on tax practitioners in the wake of an audit that found inconsistencies in how those checks were administered.…
Read more about IRS Promises Better Background Checks on Tax Pros
Drake Software surveyed 3,500 tax professionals to learn if their tax preparation fees have changed since the implementation of the Tax Cuts and Jobs Act.…
Read more about 2019 "How Do Your Tax Prep Fees Stack Up?" Results
The Internal Revenue Service has updated its guidance that was issued for deductible business, charitable, medical, and moving expenses.…
The Internal Revenue Service is reminding tax professionals to get their offices in order during these slower days before filing starts.…
Read more about IRS Has Tips for Tax Pros Preparing for Filing Season
If you’re still trying to complete your continuing professional education credits, Drake Software has begun hosting Update Schools across the country.…
Read more about John Sapp and Christine Reynolds Preview 2019 Update Schools – E36
The Internal Revenue Service has released cost-of-living adjustments for tax year 2020 covering dollar limitations for pension plans and other retirement-related items.…
A recent Internal Revenue Service press release revealed the tax year 2020 annual inflation adjustments, which affect a number of tax items, including marginal tax rates, the Alternative Minimum Tax, the Earned Income Credit, and more.…
Read more about Tax Year 2020 Annual Inflation Adjustments Revealed by IRS
The Drake Software 2019 Desk Reference Guide organizes important, frequently used tax information, like the due diligence requirements, Social Security payback limitations, and common filing season requirements.…
In a matter of weeks the 2020 filing season will be underway. To help ensure that taxpayers don’t get caught unprepared, the IRS is recommending everyone to act now to avoid any tax-time surprises and ensure smooth processing of 2019 tax returns.…
