Drake Software blog for tax pros, covering tax, IRS news, and more
The Treasury Department recently dispelled some uncertainty regarding how it would handle economic impact payments for Americans on Social Security.…
Read more about Treasury Clarifies Economic Impact Payments for Americans on Social Security
Scammers are trying to capitalize on millions of taxpayers anticipating stimulus money by deploying phone- and email-based phishing scams.…
Read more about Tax Industry Warns of Stimulus Payment Scams
Treasury Secretary Steven Mnuchin announced on Twitter that taxpayers now have an additional 90 days to file their tax returns.…
Read more about Treasury Secretary Mnuchin Announces New Filing Deadline
The Internal Revenue Service recently announced that tax relief has once again been expanded for earthquake victims in Puerto Rico.…
Read more about More Qualify for Earthquake-Related Tax Relief in Puerto Rico
The Internal Revenue Service wants more taxpayers to know about the Earned Income Tax Credit, which is why the agency has coordinated the annual EITC Awareness Day event for more than a decade.…
Read more about IRS Celebrates 14th Annual EITC Awareness Day
The Internal Revenue Service says a little pre-planning can help gig economy workers be ready when it’s time to file their taxes.…
Read more about Gig Economy Income Can Affect a Taxpayer’s Bottom Line
The Internal Revenue Service recently unveiled the Gig Economy Tax Center, a new online resource for freelancers.…
Read more about IRS Unveils New Online Resource for Freelancers
The Internal Revenue Service has confirmed that it will begin accepting and processing 2019 returns on January 27, opening the gates for millions of individual tax return filers.…
Read more about 2019 Filing Season to Start January 27, IRS Says
The Internal Revenue Service has set the optional standard mileage rates for 2020. These rates are used to figure the deductible costs of operating a vehicle for business, charitable, medical or moving purposes.…
