Drake Software blog for tax pros, covering tax, IRS news, and more
The Internal Revenue Service says it has sent out all the third-round Economic Impact Payments (EIPs), but the agency is quick to add that taxpayers who missed out on the EIP still have one more chance to claim their money.…
The Internal Revenue Service closed out the week by reminding taxpayers that receiving a tax refund by direct deposit is faster and more flexible than traditional paper checks, even for those who do not currently have a bank account.…
Read more about IRS Recommends Direct Deposit for Fast and Flexible Tax Refunds
Supplemental Security Income beneficiaries are now included in the group of non-filers who will automatically receive an Economic Impact Payment.…
Read more about IRS Announces Automatic EIP for Supplemental Security Income Beneficiaries
Distribution of the federal government’s economic impact payments, meant to counter the economic effects of the coronavirus pandemic in the U.S., is scheduled to start in the coming weeks, according…
The IRS has unveiled a large series of steps providing relief on a number of fronts, ranging from easing payment guidelines to postponing compliance actions.…
In an effort to combat fraud and identity theft, new IRS procedures effective January 2015 will limit the number of refunds electronically deposited into a single financial account or pre-paid debit…
Read more about New Direct Deposit Limits Could Affect Preparers and Their Customers
