Drake Software blog for tax pros, covering tax, IRS news, and more
Criminals pushing phishing scams impersonate a wide range of people and organizations to trick victims out of their private information and money. The seemingly endless flood of charity scams perhaps best demonstrates that there truly is no honor among thieves. Luckily, we don’t have to face identity thieves alone.…
Millions of American families have been taking advantage of the advance payments of the Child Tax Credit, but the Internal Revenue Service stresses there’s still time left to sign up for the remaining payments.…
Read more about Families Can Still Get the Advance Child Tax Credit
The last part of the year is traditionally a good time for taxpayers to check their withholding levels for the upcoming new year. That's why the Internal Revenue Service recently issued a friendly reminder.…
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.…
Taxpayers with foreign bank or financial accounts are being reminded that time is running out to file the yearly report of their holdings.…
Impersonating the Internal Revenue Service is big business for identity thieves. These phishing scams often combine fear of the agency with urgency (and threats), and those who fall for them can soon find their information or money stolen. That’s why the IRS this week highlighted how they communicate with taxpayers.…
With summer comes the prospect of a summer job for college students. Many times, their top priorities are twofold:…
Read more about IRS Highlights Tax Resources for College Students
Live long enough, and we all come to realize there are still a few universal truths.…
Read more about IRS Online Account is a Handy Tool, Agency Says
Let’s face it: higher education is expensive, whether it’s community college, a trade school, a four-year university or an advanced degree. That’s where higher education tax credits come in.…
Read more about What Taxpayers Need to Know About Higher Education Credits
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.…
