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Drake Software blog for tax pros, covering tax, IRS news, and more

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Drake Software How Did Your 2021 Filing Season Go? Infographic

Ryan Norton - June 18, 2021
Drake Software How Did Your 2021 Filing Season Go? Infographic

Drake Software for the third year in a row surveyed tax professionals about their experience during filing season. More than 3,000 respondents completed the survey, a group comprised of attorneys, CPAs, EAs, and non-credentialed preparers.…

Read more about Drake Software How Did Your 2021 Filing Season Go? Infographic

IRS Issues Guidance for American Rescue Plan Changes to the CTC, EITC, and APT

Bob Williams - April 27, 2021
IRS Issues Guidance for American Rescue Plan Changes to the CTC, EITC, and APT

The Internal Revenue Service has released guidance that hikes interest rates and other inflation-adjusted items due to changes driven by the American Rescue Plan Act of 2021 (ARPA).…

Read more about IRS Issues Guidance for American Rescue Plan Changes to the CTC, EITC, and APT

$2 Trillion Underground Economy

admin taxing_subjects - May 24, 2013
$2 Trillion Underground Economy

Estimates are that underground activity last year totaled as much as $2 trillion, according to a study by Edgar Feige, an economist at the University of Wisconsin-Madison. That's double the amount in 2009, according to a study by...…

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