Drake Software blog for tax pros, covering tax, IRS news, and more
The Internal Revenue Service is making a pitch about the Advance Child Tax Credit payments that smacks of the spiel for sale pricing from used car dealers: “When it’s gone, it’s gone!”…
In October, we told readers about IRS relief measures that applied to some 19 Mississippi counties impacted by Hurricane Ida. That relief has now been expanded to add 63 other counties, covering the…
The Internal Revenue Service says tax professionals spoke—and the agency listened. After getting comments from tax pros, the IRS has now increased the number of transcripts a professional preparer can get on any one client.…
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Drake Software and Right Networks are collaborating on this three-part series highlighting different software solutions available to tax professionals. In part three, we look at how cloud application hosting facilitates remote work.…
Read more about Cloud Applications and Remote Work for Tax Pros
![2021 Are You Ready for Filing Season? [Infographic]](/media/2911/ready-for-tax-season.jpg?anchor=center&mode=crop&width=1024&height=576&rnd=132817987270000000)
Drake Software surveyed more than 2,500 tax professionals to learn what steps they’ve taken to prepare for the upcoming filing season. We compiled the results in the FREE Are You Ready for Filing Season? Infographic, which covers issues related to credentials and training, software and office equipment, and client communication and services.…
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The Internal Revenue Service is doing a little extra to help those taxpayers who have suffered from the wildfires in California. The agency is pushing back the deadlines for filing and paying various individual tax returns to January 3.…
As the economy warms up in recovery mode, inflation starts to raise its ugly head. Everything—from baby food to new cars—costs more.…
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
