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

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Tax Relief Coming to Colorado Wildfire Victims

Bob Williams - January 04, 2022
Tax Relief Coming to Colorado Wildfire Victims

Victims of the New Year wildfires in Colorado now have one less thing to worry about. The Internal Revenue Service has given individual and business taxpayers affected by the disaster until May 16 to…

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IRS Relief Now Covers Kentucky, Parts of Illinois and Tennessee

Bob Williams - December 27, 2021
IRS Relief Now Covers Kentucky, Parts of Illinois and Tennessee

As recovery efforts spread across parts of the south in the wake of the December 10 tornadoes, the Internal Revenue Service is expanding its effort to give affected taxpayers in the region a helping hand.…

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Some Mississippi Counties Get Expanded Ida Relief

Bob Williams - October 28, 2021
Some Mississippi Counties Get Expanded Ida Relief

While most of the nation’s attention is turned to fall colors and the Thanksgiving holidays, residents of some Mississippi counties still have all-too-vivid memories of meaner weather earlier in the summer.…

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Mississippi Gets Hurricane Ida Tax Relief

Ryan Norton - September 10, 2021
Mississippi Gets Hurricane Ida Tax Relief

The Internal Revenue Service announced that Mississippi will now receive tax relief in the wake of Hurricane Ida, delaying some filing and payment deadlines for affected taxpayers. The Magnolia State joins a list that currently includes Louisiana, New Jersey, and New York.…

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IRS Has Tips for Rebuilding Tax Records

Bob Williams - September 07, 2021
IRS Has Tips for Rebuilding Tax Records

This summer, the U.S. has been subjected to more than its share of natural disasters. While disaster survivors may look at their tasks mainly as clearing debris and rebuilding structures, there’s another tool in the recovery tool belt that is just as important: actions that rebuild the taxpayer’s financial records.…

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