Drake Software blog for tax pros, covering tax, IRS news, and more
It’s a new year and a new filing season. That means the Internal Revenue Service is hard at work fighting some long-running scams aimed at tricking taxpayers out of their hard-earned money.…
The Internal Revenue Service wants to see a 2021 income tax return from all Americans—including those who haven’t filed in years. The reason is recent legislation—including the American Rescue Plan and other new laws—has put some significant tax benefits in play for those who qualify.…
Read more about IRS Encourages Non-Filers to File for ARP Benefits
Drake Software is proud to announce the launch of a new employee mentorship program as part of its Building a Strong Workforce initiative. The program will invest in employees’ futures by equipping them with the support they need to succeed.…
Read more about Drake Software Announces Employee Mentorship Program
Protecting taxpayer data from scammers and preventing identity theft tax refund fraud has long been a chief concern for the Internal Revenue Service, and pursuing this mission lead the agency to form the Security Summit.…
Read more about Privacy Concerns Lead IRS to Drop Facial Recognition
The Internal Revenue Service is pushing out a new version of its frequently asked questions (FAQs) for the 2020 Recovery Rebate Credit. The updated information is featured in Fact Sheet 2022-08, which carries the latest information pertaining to tracing payments.…
The wait is over; the filing season for 2021 income tax returns has been opened by the IRS. But before taxpayers start sharpening pencils, cranking up the calculator and putting on a pot of coffee, they need to know they’ve got everything together to get the job done right.…
The Internal Revenue Service has posted a new flock of frequently asked questions (FAQs), all aimed at answering taxpayer questions about the 2021 Child Tax Credit.…
The gates have been opened just a little bit wider so more taxpayers who don’t have children can take advantage of the Earned Income Tax Credit (EITC).…
Filing season has just begun, and scammers are already trying to make life miserable for everyone else. While this isn’t a shocking turn for anyone who has been paying attention to the evolution of identity theft tax refund fraud, it’s a problem that everyone needs to be aware of nonetheless.…
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.…
