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

IRS to Revamp Tax Transcript

IRS to Revamp Tax Transcript

When it comes to getting our information from the IRS now, security is king. So it only makes sense that the Internal Revenue Service is changing how it delivers the individual tax transcript to those taxpayers and tax pros who request it.…

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Tax Deadline Extended

Tax Deadline Extended

It will come as no surprise to tax professionals that there were problems submitting returns to the IRS on Tax Day.Early yesterday morning, IRS systems experienced an issue that prevented the agency…

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ITIN Application

ITIN Application

ITINs are designed for tax administration purposes and are assigned to people who are not eligible for Social Security Numbers. Over the years, ITINs have been criticized for being used by illegal immigrants and undocumented workers. Last year the Treasury Inspector General for Tax Administration reported...…

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