Drake Software blog for tax pros, covering tax, IRS news, and more
Drake Software and Right Networks are collaborating on this three-part series highlighting different software solutions available to tax professionals. In part two, we look at how cloud application hosting handles data security.…
The Internal Revenue Service is pushing out more information for taxpayers interested in the Child Tax Credit and its advance payments.…
Taxpayers contributing to a 401(k) plan for their retirement have gotten some good news from the Internal Revenue Service: they can now put more money into their plan for 2022.…
Drake Software and Right Networks are collaborating on this three-part series highlighting different software solutions available to tax professionals. This week, we’re focusing on the ways you can run software in a tax practice.…
Read more about Three Ways to Run Software for a Tax Practice
A new provision in the tax code lets more taxpayers deduct up to $600 in donations to qualified charities—even if they don’t itemize.…
Read more about Some Non-Itemizers Can Deduct Charitable Donations
Taxpayers in Connecticut are getting a little extra time to file their taxes, courtesy of Hurricane Ida and the IRS. Ida tore up coastal areas in the southern US, and went on to batter the Northeast with flooding and other damage.…
Families who have significant income changes to report for the advance Child Tax Credit payments are running out of time to pass those changes on to the Internal Revenue Service.…
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.…
Read more about Some Mississippi Counties Get Expanded Ida Relief
The Internet is filled with cybersecurity threats that can jeopardize family finances. Just one of many scams, identity theft tax refund fraud (ITTRF) is big business for criminals, and it can cause big headaches for victims.…
There’s not much doubt that the COVID-19 pandemic has taken a strong labor market and turned it on its ear, producing a shortage of available workers.…
Read more about IRS Highlights Resources for Employers Facing Labor Shortages
