Drake Software blog for tax pros, covering tax, IRS news, and more
The Internal Revenue Service is cautioning taxpayers with virtual currency not to skip over a small, but vitally important, part of their Form 1040 this year.…
Read more about IRS Issues Virtual Currency Transactions Reminder
The Internal Revenue Service has long allowed educators to deduct part of the cost of supplies and other expenses from their taxes. The total deduction allowed may not sound like much, but educators all over the U.S. have come to depend on this tax break for a little relief.…
Taxpayers are getting more time to meet some tax deadlines that would normally fall on April 15, such as making IRA contributions and filling certain claims for a refund.…
Since the Coronavirus pandemic began, we’ve heard a lot about front-line health care workers and their risks. Now we’ve come to know that teachers face risks of their own.…
Read more about Educators Can Now Deduct Expenses for COVID-19 PPE
