Drake Software blog for tax pros, covering tax, IRS news, and more
The Internal Revenue Service says taxpayers with docketed abusive syndicated conservation easement transaction Tax Court cases should seriously consider settling.…
Read more about IRS Says It’s Time to Settle Syndicated Conservation Easement Cases
With the deadline pushed back to give practitioners and their taxpayers an extra three months to file and pay any tax due, one might think that everyone would have their returns filed by now. But some experts say they expect July 15 to be more like April 15 — only later.…
Read more about Tax Pros and Clients Face Final Tax Deadline
The Internal Revenue Service today issued an IVES Program update announcing that the Income Verification Express Services (IVES) will start accepting new submissions on Tuesday, July 14, 2020.…
The American Institute of CPAs is asking the Internal Revenue Service to further extend the deadline for filing and paying income taxes.…
Read more about AICPA Seeks More Time for Filing as Deadline Looms
The Internal Revenue Service says it has expanded its list of retail partners who accept cash payments for federal taxes. This cash payment option is available for individual and business taxpayers alike.…
The Internal Revenue Service has a little excess cash it would like to get rid of. It comes in the form of unclaimed income tax refunds for taxpayers who didn’t file a 2016 tax return.…
Read more about $1.5 Billion in Unclaimed Refunds Await 2016 Filers
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
The office closures suffered by the Internal Revenue Service during the opening weeks of the coronavirus pandemic lead to a near shutdown of the agency’s audit program, a new report suggests.…
The Internal Revenue Service has some bad news for taxpayers hoping that the tax filing and payment deadlines would get pushed back again.…
The Internal Revenue Service last Thursday announced that it is beginning to process Centralized Authorization File requests, like Forms 2848 and 8821.…
Read more about IRS Processing CAF Requests, Reducing Backlog
