Drake Software blog for tax pros, covering tax, IRS news, and more
Filing season may be in the rear view, but tax professionals still have to deal with extension returns and finish preparing for next season. Some may already have started looking at CPE opportunities…
Last week may have been National Small Business Week, but the IRS also reminded taxpayers that it was Hurricane Preparedness Week. To help taxpayers who might get caught in a natural disaster, the agency issued a series of tips to help them develop an emergency plan and preserve important documents.…
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The IRS celebrated National Small Business Week by issuing reminders and resources for the nation’s entrepreneurs. The agency closed out the week with credits and deductions that can help qualifying small businesses. And, as the IRS notes, reducing tax liability can mean healthier profit margins.…
Read more about IRS Closes National Small Business Week with Credits, Deductions
As part of National Small Business Week, the Internal Revenue Service is highlighting changes in depreciation and expensing rules for businesses.…
Read more about IRS Spotlights Depreciation, Expensing for Small Business
The Internal Revenue Service reminds small-business owners and self-employed taxpayers alike: avoid a surprise tax bill (and possibly a penalty) by making estimated tax payments during the tax year.…
Read more about Make Estimated Tax Payments So Your Business Doesn’t Owe
The Internal Revenue Service says getting a tax ID number for a business is going to be a little tougher after May 13. After that date, the IRS will require the taxpayer listed as the “responsible party” on the EIN application to have a Social Security number (SSN) or an individual taxpayer identification number (ITIN) in order to receive an Employer Identification Number (EIN) from the IRS.…
The Internal Revenue Service has issued a few reminders to small business owners to go along with this week’s observance of National Small Business Week.…
In the 2019 Filing Season Statistics infographic, Drake Software breaks down some of the key takeaways, like the total number of returns filed, how many returns were filed by tax professionals, and more.…
It’s National Small Business Week at the Internal Revenue Service! All this week the IRS will be emphasizing the many online resources it has available for small business owners and self-employed individuals.…
A 33-year old Russian national has been charged in federal court with stealing taxpayers’ personally identifiable information (PII) and using that data to steal more than $1.5 million from the U.S. Treasury.…
