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

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Taxpayers Get More Time to Qualify for Rehabilitation Tax Credit

Ryan Norton - August 03, 2020
Taxpayers Get More Time to Qualify for Rehabilitation Tax Credit

The Internal Revenue Service has good news for taxpayers restoring historic buildings. Last week, the agency announced that they have granted additional time to qualify for the Rehabilitation Tax Credit to mitigate logistical issues arising from the coronavirus pandemic.…

Read more about Taxpayers Get More Time to Qualify for Rehabilitation Tax Credit

New CHNA Deadline for Tax-Exempt Hospitals

Ryan Norton - July 17, 2020
New CHNA Deadline for Tax-Exempt Hospitals

The IRS has some good news for tax-exempt hospitals feeling overwhelmed by the COVID-19 pandemic. In a recent press release, the agency says that it is once again moving the deadline for Community Health Needs Assessments.…

Read more about New CHNA Deadline for Tax-Exempt Hospitals

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