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

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IRS Issues FBAR Reminder

Bob Williams - October 04, 2021
IRS Issues FBAR Reminder

Taxpayers with foreign bank or financial accounts are being reminded that time is running out to file the yearly report of their holdings.…

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IRS Reminds Taxpayers About Extension Deadline

Ryan Norton - September 21, 2020
IRS Reminds Taxpayers About Extension Deadline

More than 150 million tax returns have been sent to the Internal Revenue Service, but many taxpayers still need to file for tax year 2019. That’s why the IRS recently reminded taxpayers that the extension deadline is less than a month away.…

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IRS Readies Nine Million Letters to Non-Filers on EIPs

Bob Williams - September 18, 2020
IRS Readies Nine Million Letters to Non-Filers on EIPs

Some nine million letters are being sent later this month in a special mailing to people who haven’t had a need to file a tax return but may qualify for a Economic Impact Payment (EIP).…

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IRS Tax Tip Addresses Extension Deadline

Ryan Norton - October 09, 2019
IRS Tax Tip Addresses Extension Deadline

The IRS this week reminded taxpayers that the filing deadline for those with a tax extension is Tuesday, October 15, 2019. Generally, taxpayers who request an extension are given an extra six months to file their tax return with the IRS.…

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