Drake Software blog for tax pros, covering tax, IRS news, and more
At Drake Software®, we are continually refining the tools you need to manage your tax and accounting practice effectively. We’re excited to introduce a new feature in Drake Pay that enhances the payment process for tax preparers and their clients.…
Read more about Drake Pay™ Launches New Feature: Request Payments via Email with Secure Payment Link
The Journal of Accountancy and The Tax Adviser recently released results for the 2024 Tax Survey. Drake Tax led the way in 2023 and continues to show high marks once again in 2024. Drake Software is known for its industry-leading customer service and in the survey received the highest score for product support. Click on the full post to read more.…
Read more about Drake Tax Wins Best “Overall Rating” for the 13th Year in a Row
Senate Finance Committee Chairman Chuck Grassley pushed Congress to revive the tax extenders that expired at the end of 2018 in a press release issued last month.…
Read more about Finance Chair Wants to Bring Back Tax Extenders
A new phishing scheme has been unleashed on taxpayers, this time impersonating as the FBI and the IRS.In reality, the scammers are sending emails that install ransomware on computers in order to hold…
Scammers are flooding taxpayers with bogus emails, phone calls and in-person solicitations posing as disaster relief organizations.Hurricane Harvey’s rain has scarcely stopped falling in south Texas,…
Read more about Fake Harvey Relief Charities Already Circulating
The Internal Revenue Service has announced a couple of big changes they have planned for the e-Services system in the coming months.The first is the transfer of the e-Services system to a new…
Read more about IRS Making Important Changes to e-Services Platform
This week the Senate passed legislation that eliminates the IRS’ tax penalty on employers who reimburse workers for the cost of health insurance premiums. A similar measure was passed in the House last week.…
Read more about Senate Action Draws Praise from Business Group
Apparently the Internal Revenue Service and tax professionals aren’t the only ones getting ready for income tax season. Scammers and identity thieves are getting busy as well, hitting taxpayers – and…
Tax professionals across the country are gearing up for tax season, which the Internal Revenue Service today announced will officially begin on January 23, 2017. The press release included yet another reminder about PATH Act-delayed refunds: taxpayers claiming the Earned Income Tax Credit (EITC) and the Additional Child Tax Credit (ACTC) will not have their refund issued until February 15, 2017.…
Read more about IRS Announces the First Day of Tax Season, Issues Refund Delay Reminder
It always seems to happen when you’ve just settled down for dinner. You get a phone call out of the blue and the man on the other end of the line says he’s Agent Such-and-Such from the Internal Revenue Service, Badge number something-or-Other.…
