Drake Software blog for tax pros, covering tax, IRS news, and more
Supplemental Security Income beneficiaries are now included in the group of non-filers who will automatically receive an Economic Impact Payment.…
Read more about IRS Announces Automatic EIP for Supplemental Security Income Beneficiaries
The IRS Get My Payment tool is now available, providing EIP recipients a convenient way to set up direct deposit for and track the status of their payment.…
TIGTA published its interim report, detailing tax-season challenges for the IRS that range from recent legislation to the COVID-19 outbreak.…
Read more about TIGTA Says This Tax Season Presents Uphill Climb to IRS
The Internal Revenue Service says it is extending additional tax deadlines for individuals and businesses.…
The IRS unveiled a new online tool to help non-filers register to receive an Economic Impact Payment (EIP): the “Non-Filers: Enter Payment Info Here” feature on IRS.gov.…
Read more about IRS Announces Online EIP Registration Tool for Non-Filers
The Internal Revenue Service has temporarily stopped processing paper tax returns, urging taxpayers to e-file instead.…
Collins, recently named the new National Taxpayer Advocate, has started her new position ahead of time in order to provide the Taxpayer Advocate Service (TAS) with complete leadership during this unsettled time.…
Drake Software today announced that Drake Tax supports Economic Impact Payment (EIP) returns, providing customers a way to help those who don’t typically file a return receive the payment recently authorized by the CARES Act.…
For many of us, we’re living in a time that has no comparison. We’ve seen wars, famines, economic crashes, but no pandemic—until now. Jim Buttonow of Accounting Today magazine says for the Internal Revenue Service, a bad situation may be about to get even worse.…
Read more about Accounting Today Looks at the IRS COVID-19 Response
Federal authorities say they’ve arrested a Pennsylvania man in connection with a nationwide IRS impersonation scam.…
Read more about Alleged Ringleader Arrested in IRS Impersonation Scam
