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Drake Software blog for tax pros, covering tax, IRS news, and more

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Don’t Overlook Education Related Tax Benefits

admin taxing_subjects - March 24, 2013
Don’t Overlook Education Related Tax Benefits

Taxpayers who pay qualifying expenses for a student can be eligible for the American opportunity tax credit, lifetime learning credit, or the tuition and fees deduction...…

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Relief Available To Many Extension Requesters Claiming Tax Benefits

admin taxing_subjects - March 21, 2013
Relief Available To Many Extension Requesters Claiming Tax Benefits

WASHINGTON —The Internal Revenue Service today provided late-payment penalty relief to individuals and businesses requesting a tax-filing extension because they are attaching to their returns any of the forms that couldn’t be filed until after January.…

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Happy End of Tax Season! Who’s Going to Disney World?

admin taxing_subjects - May 02, 2011
Happy End of Tax Season! Who’s Going to Disney World?

I know you all are thinking …”Hmmm what can I do to celebrate this wonderful occasion?” We all deserve a little something for surviving another tax season, right?…

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