Drake Software blog for tax pros, covering tax, IRS news, and more
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
The Treasury Department and the Internal Revenue Service have issued their proposed regulations updating the federal income tax withholding rules, bringing them in line with the changes made by the Tax Cuts and Jobs Act.…
The Internal Revenue Service recently announced that tax relief has once again been expanded for earthquake victims in Puerto Rico.…
Read more about More Qualify for Earthquake-Related Tax Relief in Puerto Rico
In this episode of the Taxing Subjects Podcast, Taxing Subjects contributors Ryan Norton and Bob Williams look at IRS announcements from the past few weeks.…
Read more about Taxing Subjects Covers Identity Theft Central and More - E39
The new Identity Theft Central page on IRS.gov is the latest tool the Internal Revenue Service has developed to stop identity thieves in their tracks.…
Read more about Identity Theft Central Built to Combat Phishing Scams
New research has found that the latest version of the U.S. estate tax fails in its job to tax large estates in an efficient and equitable manner, allowing the wealthiest estates to pass to heirs with an effective tax rate of just 2%.…
Read more about Research Finds Inheritance a Major Windfall for the Very Wealthy
The Internal Revenue Service wants more taxpayers to know about the Earned Income Tax Credit, which is why the agency has coordinated the annual EITC Awareness Day event for more than a decade.…
Read more about IRS Celebrates 14th Annual EITC Awareness Day
This week, the Internal Revenue Service reminded affected businesses and taxpayers that the deadlines for several backup withholding forms were looming.…
Read more about IRS to Businesses: Don’t Forget Backup Withholding Deadlines!
