Drake Software blog for tax pros, covering tax, IRS news, and more
![2021 Tax Filing Statistics [Infographic]](/media/2956/2021-tax-filing-statistics-infographic.jpg?anchor=center&mode=crop&width=1024&height=576&rnd=132865528660000000)
Every year, Drake Software uses Internal Revenue Service statistics to create an infographic highlighting important tax-filing information gathered throughout the year. For example, last year saw taxpayers increasingly turn to do-it-yourself platforms when it was time to file their federal tax return.…
If taxpayers get a letter from the Internal Revenue Service relating to either the Advance Child Tax Credit or Economic Impact Payments, they need to file the letters for safekeeping.…
Read more about IRS Wants Taxpayers to Save ACTC and EIP Letters
In November 2021, Drake Software and Rightworks collaborated on a three-part series highlighting different software solutions available to tax professionals.…
As recovery efforts spread across parts of the south in the wake of the December 10 tornadoes, the Internal Revenue Service is expanding its effort to give affected taxpayers in the region a helping hand.…
Read more about IRS Relief Now Covers Kentucky, Parts of Illinois and Tennessee
![Cyber Security Essentials for Tax & Accounting Firms [Webinar]](/media/2942/cyber-security-essentials-for-tax-accounting-firms.png?anchor=center&mode=crop&width=1024&height=576&rnd=132844735520000000)
The months leading up to filing season are packed with studying tax law changes, learning software updates, training seasonal staff, and—of course—the holidays. During the pre-season hustle, it’s easy to forget one of the most important ingredients for a successful tax business: an up-to-date data security plan.…
Read more about Cyber Security Essentials for Tax & Accounting Firms [Webinar]
The Internal Revenue Service has put a little more cushion into its standard mileage rates, so taxpayers won’t have such a big bite taken out of their pockets by fuel prices.…
As the phrase goes, all good things come to an end, and the Internal Revenue Service is saying just that about the advance payments of the Child Tax Credit, or CTC.…
Drake Software, LLC (“Drake”) is aware of the recently disclosed Apache Log4j Remote Code Execution Vulnerability, and has taken the following steps to ensure the continued protection of its operations and customers.…
Read more about Drake Software Statement on the Apache Log4j Vulnerability
The CPA Journal this week announced the results of its twentieth annual survey of members of the New York State Society of CPAs, titled “Tax Software in the Ongoing Pandemic Environment.” Respondents were asked about a range of issues, from problems faced throughout filing season to how their tax software performed.…
Read more about Drake Takes 5 Categories in Survey of NYSSCPAs
The Internal Revenue Service is moving quickly to do its part in relief efforts targeting tornado victims in Kentucky.…
