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

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Farmers, Fishers Face March 1 Tax Deadline

Bob Williams - February 22, 2022
Farmers, Fishers Face March 1 Tax Deadline

The Internal Revenue Service doesn’t want the March 1 tax deadline for farmers and fishermen to be “the one that got away.”…

Read more about Farmers, Fishers Face March 1 Tax Deadline

Q2 Estimated Taxes Due June 15

Bob Williams - June 08, 2021
Q2 Estimated Taxes Due June 15

It may seem that we just got through with the 2021 income tax season, but there’s already another tax deadline waiting in the wings.…

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Farmers and Fishers Face March 1 Tax Deadline

Bob Williams - February 25, 2021
Farmers and Fishers Face March 1 Tax Deadline

Taxpayers with income from farming or fishing face a March 1 deadline for filing their income taxes. But the IRS reminds them they can avoid making any estimated tax payments by filing and paying their entire tax due on or before the deadline.…

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IRS Waives Estimated Tax Penalty for Eligible 2018 Filers

Bob Williams - August 21, 2019
IRS Waives Estimated Tax Penalty for Eligible 2018 Filers

For some taxpayers paying estimated taxes who have filed their 2018 tax returns there’s a little bit of bad news—and some good news.The bad news is they failed to claim the special waiver that would…

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Make Estimated Tax Payments So Your Business Doesn’t Owe

Bob Williams - May 09, 2019
Make Estimated Tax Payments So Your Business Doesn’t Owe

The Internal Revenue Service reminds small-business owners and self-employed taxpayers alike: avoid a surprise tax bill (and possibly a penalty) by making estimated tax payments during the tax year.…

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