As summer travel heats up, many taxpayers turn their second homes into short-term rentals. While the extra income can be lucrative, it also introduces a complex mix of tax rules that require attention from seasoned tax professionals. If your clients own or are considering listing a vacation rental, here are key tax tips to keep in mind for the coming tax season and beyond.…

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Stay protected from tax fraud! The IRS Dirty Dozen 2025 lists top tax scams, from phishing to fake credits. Learn how to safeguard your business and clients’ resources.…

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Navigating AI, Compliance, and Tax Credits in the Evolving Tax Landscape…

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At Drake Software®, we are continually refining the tools you need to manage your tax and accounting practice effectively. We’re excited to introduce a new feature in Drake Pay that enhances the payment process for tax preparers and their clients.…

Read more about Drake Pay™ Launches New Feature: Request Payments via Email with Secure Payment Link

The IRS issues relief packages to areas that recently experienced natural disasters or events designated as disasters by the United States government. This blog post provides extension details and provides information on IRS legislature about filing tax returns in the wake of extreme weather or disaster incidents. Bookmark this post for updates!…

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Do you have a client worried that they may have unintentionally filed an inaccurate claim for the Employee Retention Credit? The IRS is offering a way out! Read today’s blog post for more information and resources.…

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Check out today’s blog! Matt Jagst, Drake Software Head of Product, shares his perspective on recent findings from a Drake Software survey of tax professionals. In this survey, tax professionals were asked to share their experience working with clients in an environment that continues to lean toward contactless services after the events of 2020 and a reliance on evolving technology. If you missed our survey, we would love to hear your thoughts in the chat below!…

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Learn how paramount accurate and timely news is for tax preparers and discover subject areas to expand your expertise. Read the full blog post by clicking here.…

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The Internal Revenue Service is going the extra mile to ensure taxpayers have the newest information on the third-round Economic Impact Payment.…

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The Internal Revenue Service has issued a new set of frequently asked questions (FAQs) covering the unemployment compensation exclusion for the 2020 tax year.…

Read more about IRS Updates FAQs on 2020 Unemployment Compensation Exclusion