Drake Software blog for tax pros, covering tax, IRS news, and more
The wait is over; the filing season for 2021 income tax returns has been opened by the IRS. But before taxpayers start sharpening pencils, cranking up the calculator and putting on a pot of coffee, they need to know they’ve got everything together to get the job done right.…
It won’t be long before the Internal Revenue Service opens its gates and the filing season will be officially underway.…
Read more about Gathering Records Is the First Step in Tax Preparation
No matter what strategy taxpayers use to get their income taxes filed, gathering critical documents now can help make this tax season headache-free.…
Read more about A Little Preparation Now Means Smooth Tax Filing Later
Reconcile Premium Tax Credit Before October 15 Deadline for 2016 EligibilitySome of your clients who received advanced payment of their Premium Tax Credit may have received an IRS Letter 5591 or…
The Centers for Medicare & Medicaid Services (CMS) recently published a blog discussing reissued Forms 1095-A by the Treasury. In February, Forms 1095-A containing inaccurate information were sent to…
Read more about Relief for Recipients of Inaccurate Forms 1095-A
