Key Updates to Form 1099-K
After a few years of delays, the reporting threshold for third party settlement organizations (TPSOs) reported on a Form 1099-K has officially dropped in 2025.…
Top Tax Scams According to the IRS
Stay protected from tax fraud! The IRS Dirty Dozen 2025 lists top tax scams, from phishing to fake credits. Learn how to safeguard your business and clients’ resources.…
IRS Tax Relief for 2025: Disasters Update
The IRS has announced tax relief measures to support affected individuals and businesses. This article outlines the disasters and the corresponding tax relief provisions.…
Protecting Tax Clients from Scams: 2025 IRS Filing Updates
Learn about the 2025 IRS updates to protect tax pro clients from tax scams, fraud, ghost preparers, and false claims. Read more.…
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Help Clients File Digital Asset Taxes with Confidence
From cryptocurrencies like Bitcoin to NFTs and other blockchain-based tokens, digital assets present unique challenges—and opportunities—in tax compliance. Staying informed about digital assets and how they are treated for tax purposes is vital for tax professionals to serve their clients effectively.…
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IRS Extends Tax Relief for Southern California Wildfire Victims
There are significant tax relief measures for individuals and businesses affected by wildfires and straight-line winds in southern California. Learn more about these measures.…
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Tax Filing Timeline: When Does E-File Start?
The IRS will begin accepting individual returns on Monday, Jan. 27, 202. Read more.…
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Why Tax Preparers Should Keep Clients Informed About IRS Notices
Learn why handling IRS notices correctly matters and how you can support your clients effectively. Read the article.…
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Drake Pay™ Launches New Feature: Request Payments via Email with Secure Payment Link
At Drake Software®, we are continually refining the tools you need to manage your tax and accounting practice effectively. We’re excited to introduce a new feature in Drake Pay that enhances the payment process for tax preparers and their clients.…
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Tax Fraud and Scams Online and Offshore: The IRS Dirty Dozen, Part 2
In this second installment of our overview of the 2024 Dirty Dozen, we look at the stern warnings issued by the IRS regarding scammers who promote schemes designed to evade taxes, scams targeting the wealthy, and dubious social media advice. Continue reading to help prepare your practice against tax scams and schemes.…
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