Drake Software blog for tax pros, covering tax, IRS news, and more
With 2020’s extended tax deadlines due to the coronavirus pandemic, it seems like we just wrapped up the previous tax season. But believe it or not, the next filing season kicks off Jan. 1, 2021.…
Read more about Get Started Now to Make Next Tax Season Easier
Time is running out for taxpayers who need to renew an expiring ITIN before next filing season.…
More than 2 million Individual Taxpayer Identification Numbers (ITINs) are due to expire by the end of this year, and the Internal Revenue Service is urging taxpayers to apply for renewal.The…
Read more about IRS Warns Millions of ITINs to Expire This Year
Income tax professionals from preparers to CPAs and EAs are being reminded to maintain and monitor their various identification numbers that enable them to e-file.The reminder comes from the Security…
Read more about Security Summit Reminds Tax Pros to Protect EFINs, PTINs
The Internal Revenue Service says taxpayers who have not renewed their expired Individual Taxpayer Identification Number (ITIN) will face processing delays if the number is used to file a return. In addition, the taxpayer could lose eligibility for key tax benefits until the ITIN is renewed.…
The Internal Revenue Service has begun mailing letters to more than a million taxpayers who have Individual Taxpayer Identification Numbers (ITINs) that will expire at the end of the year.…
Read more about Taxpayers with Expiring ITINs to be Notified
Taxpayers with Individual Taxpayer Identification Numbers (ITINs) will have a different set of rules for the 2017 income tax filing season. The changes are the result of the Protecting Americans from…
