Drake Software blog for tax pros, covering tax, IRS news, and more
The Internal Revenue Service says it is in the process of hiring 3,500 additional telephone representatives so that taxpayers can get answers to their questions about Economic Impact Payments.…
The Small Business Administration says the PPP loan-forgiveness application is now available on SBA.gov.…
Read more about Now Available: Paycheck Protection Program Loan-Forgiveness Application
The IRS wants help spreading the word about Economic Impact Payments.…
Read more about IRS Sends EIP Information Packets to Partner Organizations
The IRS announced that close to 130 million taxpayers have now received an Economic Impact Payment—up from the 88 million toward the end of April—bringing the total amount of money issued to more than $200 billion.…
Read more about IRS Breaks Down Economic Impact Payments by State
The U.S. Treasury Department has found a loophole in the stimulus payments sent out to individuals. Some of the recipients were actually deceased—and Treasury wants that money back.…
Read more about Treasury Wants Payments to Deceased Taxpayers Returned
The Internal Revenue Service is reminding employers who have been impacted by the Coronavirus pandemic that three new credits are available for them.…
Read more about New Credits Available for Businesses Hit by COVID-19
The Internal Revenue Service announced that Settlement Days will be hosted via teleconferencing platforms due to coronavirus stay-at-home orders.…
The Tax Foundation found that states relying on oil-related taxes could have state revenue shortfalls.…
The Internal Revenue Service reminded low-income Americans who don’t normally file a tax return that they are probably eligible to receive an Economic Impact Payment.…
Read more about IRS Urges Low-Income Non-Filers to Use EIP Reporting Tool
The Internal Revenue Service today issued a “plus $500” last call for Supplemental Security Income and Veterans Affairs beneficiaries who can claim dependents as part of their Economic Impact Payment.…
Read more about IRS Issues “Plus $500” Last Call for SSI, VA Beneficiaries with Dependents
