Drake Software blog for tax pros, covering tax, IRS news, and more
The Internal Revenue Service says it’s continuing to look for ways to assist taxpayers taxpayers who’ve been affected by the COVID-19 pandemic. To that end, the agency is reminding taxpayers and tax…
Read more about Requests for Letter Rulings Expedited by IRS
The Internal Revenue Service has followed through on its promise to add digital signature capability to more tax forms, enabling an additional six forms to use the feature.…
Read more about More Forms Get Digital Signature OK from IRS
The Internal Revenue Service has good news for practitioners and taxpayers who speak a language other than English: Tax information and assistance is being translated into more languages than before.…
The Internal Revenue Service says it will start sending out letters this month to a group of taxpayers that may have missed out on receiving Economic Impact Payments (EIPs).…
When the Internal Revenue Service announced this summer, it was temporarily expanding the use of e-signatures on IRS forms, a number of professional tax groups applauded.…
Businesses that were wondering how to handle the upcoming “payroll tax holiday” created by a Presidential Memorandum signed earlier this month received an answer late last week.…
Read more about IRS Issues Guidance for Deferral of Employee Social Security Tax
The Internal Revenue Service has approved the use of e-signatures on certain forms that can’t be filed electronically. The move comes in response to the coronavirus pandemic, in order to protect the health of taxpayers and tax pros alike.…
Read more about IRS OKs Temporary Use of e-Signatures on Certain Forms
Some 50,000 individuals who had a portion of their Economic Impact Payment diverted to pay their spouse’s past-due child support will soon get a check to make up the difference.…
Read more about 50,000 to Get “Catch-Up” Economic Impact Payments
Taxpayers in California and Iowa have a little extra time to file their tax returns and pay tax due, thanks to relief measures announced by the Internal Revenue Service.Victims of California wildfires…
Read more about IRS Offers Disaster Relief to California and Iowa Taxpayers
IRA owners, beneficiaries and workplace retirement plan participants who got a Required Minimum Distribution (RMD) this year have until Aug. 31 to rollover or repay the distribution in order to avoid being taxed on the payments.…
Read more about Aug. 31 is the Deadline to Return Distributions to Retirement Accounts
