Drake Software blog for tax pros, covering tax, IRS news, and more
Fiscal Year 2020 was a very busy—and productive—year for the IRS’ Criminal Investigations unit. The just-released annual report for CI Division touts the unit’s identification of more than $10 billion in tax fraud and other financial crimes, despite the limitations of the COVID-19 pandemic.…
Read more about IRS Investigators Make Big Advances in a Busy 2020
Identity thieves who deploy phishing scams are quick to innovate, using popular communication platforms and current events to target victims where and when they are most vulnerable.…
Read more about Protecting Your Tax Practice from Phishing Scams
The pandemic has affected everything in American life, even National Small Business Week. This year, the Internal Revenue Service spent all three days of the event highlighting online resources that can help small businesses dealing with coronavirus-related difficulties.…
Read more about IRS Spotlights Online Tax Resources for Small Business Week
The Internal Revenue Service says it’s continuing to look for ways to assist taxpayers taxpayers who’ve been affected by the COVID-19 pandemic. To that end, the agency is reminding taxpayers and tax…
Read more about Requests for Letter Rulings Expedited by IRS
When the Internal Revenue Service announced this summer, it was temporarily expanding the use of e-signatures on IRS forms, a number of professional tax groups applauded.…
Drake Software surveyed more than 1,300 tax professionals to learn how COVID-19 affected their filing season.…
Read more about Download the "How Did Your Filing Season Go?" Infographic
The Internal Revenue Service has approved the use of e-signatures on certain forms that can’t be filed electronically. The move comes in response to the coronavirus pandemic, in order to protect the health of taxpayers and tax pros alike.…
Read more about IRS OKs Temporary Use of e-Signatures on Certain Forms
A new notice from the Internal Revenue Service gives companies that make and sell sport fishing or archery equipment more time to pay their quarterly excise taxes.…
Read more about IRS Gives Extra Line to Sport Fishing, Archery Equipment Companies
Taxpayers can dip into Coronavirus Aid, Relief, and Economic Security Act-specified retirement accounts without suffering a penalty, according to an Internal Revenue Service press release published yesterday. This reminder comes just days after the $600 unemployment benefits included in that legislation expired.…
Read more about CARES Act Allows Penalty-Free Withdrawals from Some Retirement Plans
Drake Software Director of Education Christine Reynolds and Drake Software Sales Representative Byron McClure discuss how Drake is handling training and demonstrations during the pandemic.…
Read more about Drake Software Online Training and More – E47
