Drake Software blog for tax pros, covering tax, IRS news, and more
Learn how to calculate the QBI deduction, which businesses qualify, and key safe harbor rules for real estate. A complete guide for tax professionals.…
Read more about Qualified Business Income Deduction (QBI): A Guide for Tax Professionals
As tax season approaches, clients increasingly want fast, flexible options for receiving their tax refunds. While bank products remain a trusted method used by tax professionals for years, peer-to-peer (P2P) payment apps like Cash App®, Venmo®, and PayPal® are becoming more popular— but which method is best? And what should tax professionals keep in mind when offering or advising on refund delivery options? Learn more.…
Tax season can bring out the best—and worst—in your clientele. Stress, deadlines, and complex financial issues may cause some tax customers to act impatient, defensive, or outright combative. As a professional tax preparer, knowing how to handle difficult clients is essential for maintaining professionalism, protecting your time, and delivering accurate returns.…
Read more about 6 Practical Tips for Managing Difficult Tax Clients
Designed for tax professionals, business owners, and engaged citizens, this guide breaks down the One Big Beautiful Bill Act's sweeping provisions into easy-to-follow sections.…
Read more about The One Big Beautiful Bill Act Guide for Tax Pros
As the demand for digital tax services grows, so do the risks associated with protecting sensitive client data. At the same time, AI is also being used to strengthen cybersecurity defenses. Learn more.…
Read more about AI and Cybersecurity Trends Every Tax Professional Should Watch
Save time during the busy filing season with a comprehensive tax reference guide for tax year 2025. It’s back— an updated desk reference guide to help make your life a little easier.…
Read more about New! Drake Software Desk Reference Guide for Tax Year 2025
Explore key tax considerations for gig workers and freelancers, including who qualifies, deductions, estimated payments, and popular gig worker tax forms. Learn more.…
Read more about Taxes for Gig Work: What Tax Pros Need to Know
As we gear up for the 2025 tax season, the Drake Tax Planner has been updated to reflect important provisions from the One Big Beautiful Bill Act, helping tax professionals quickly adapt and accurately model client scenarios. Learn more.…
Read more about 2025 Drake Tax® Planner: One Big Beautiful Bill Act Updates Unpacked
Two of the most widely used credits — the American Opportunity Tax Credit (AOTC) and the Lifetime Learning Credit (LLC) — may offer significant opportunities to reduce a client’s federal income tax liability. This article provides an overview of these credits, including qualified expenses, income limits, institutional reporting requirements, and common filing issues — so you can better support your clients this back-to-school season and beyond.…
Read more about It’s Back-to-School Season: Help Clients with Tax Tips and Education Credits
Recently, one of our valued customers reported receiving a suspicious call from an unfamiliar number offering a "discounted" version of Drake Software. We want to make it absolutely clear: this offer was not legitimate.…
Read more about Beware of Unauthorized Drake Software Offers: How to Stay Protected
