Drake Software blog for tax pros, covering tax, IRS news, and more
One of the ways American business changed with the coronavirus is that thousands—if not millions—of employees are now working from home. The good news is that they’re getting the job done while practicing social distancing.…
Scammers are posing as government officials and contacting targets to request information they say is required to process coronavirus stimulus payments. Unfortunately, they are now using every tactic possible, from email and phone scams to text messages, social media, and fake websites.…
The Treasury Department recently dispelled some uncertainty regarding how it would handle economic impact payments for Americans on Social Security.…
Read more about Treasury Clarifies Economic Impact Payments for Americans on Social Security
The coronavirus pandemic has pushed the IRS to order its workforce to work from home. The IRS issued an email announcing the shift and Accounting Today magazine obtained a copy of the email.…
The National Association of State Boards of Accountancy (NASBA) on Tuesday announced that it was recommending state boards of accountancy across the country extend their CPE-completion deadlines to accommodate accountants affected by COVID-19 disruptions.…
Distribution of the federal government’s economic impact payments, meant to counter the economic effects of the coronavirus pandemic in the U.S., is scheduled to start in the coming weeks, according…
COVID-19 has disrupted life for Americans across the country, and as we’ve seen in recent weeks, the tax industry is not immune to change.…
Read more about IRS Implements New Signature Policy due to COVID-19
The IRS has unveiled a large series of steps providing relief on a number of fronts, ranging from easing payment guidelines to postponing compliance actions.…
Scammers are trying to capitalize on millions of taxpayers anticipating stimulus money by deploying phone- and email-based phishing scams.…
Read more about Tax Industry Warns of Stimulus Payment Scams
Businesses across the country are grappling with the challenges of limiting social contact, and the Internal Revenue Service is no exception.…
Read more about IRS Temporarily Suspends Three Phone Support Lines, IVES Request Processing
