Drake Software blog for tax pros, covering tax, IRS news, and more
Millions of families have been receiving monthly advance payments of the Child Tax Credit. Provided by the American Rescue Plan that was passed earlier this year, these payments have been going to eligible households since July.…
The Internal Revenue Service has updated its guidance on expanded paid sick and family leave tax credits available to employers who provide the leave to their workers.…
Read more about COVID Paid Leave Credit Clarified for Employers
New guidance from the Internal Revenue Service attempts to shine a little light on multiemployer qualified retirement plans that got financial help from the Pension Benefit Guaranty Corporation (PBGC), while explaining what that assistance means for participants and beneficiaries.…
Read more about Multiemployer Retirement Plans Get IRS Guidance for PBGC Assistance
