Drake Software blog for tax pros, covering tax, IRS news, and more
The Internal Revenue Service announced that some college students could qualify for an Economic Impact Payment. This press release is part of the agency’s push to get all eligible non-filers to register for an EIP before the Nov. 21, 2020 deadline, and it comes days before National EIP Registration Day.…
Read more about IRS Says Self-Supporting College Students Could Qualify for an EIP
The Security Summit yesterday reported that taxpayers are being targeted by a new series of text-message scams that impersonate state departments of revenue and tax relief organizations. An…
Read more about Security Summit Warning: Taxpayers Receiving EIP Text Message Scam
The Internal Revenue Service has unveiled changes they say will help struggling taxpayers affected by the pandemic settle their IRS tax debts more easily.…
The Internal Revenue Service is continuing its push to get non-filers to register so they can receive an Economic Impact Payment or EIP.…
Read more about IRS Sets Nov. 10 as "National EIP Registration Day"
Taxpayers dealing with the fallout from wildfires in California and Hurricane Delta in Louisiana yesterday received some good news from the Internal Revenue Service. Following the Federal Emergency Management Agency’s disaster declarations for affected areas, the IRS is giving victims additional time to meet certain filing and payment deadlines.…
Read more about Tax Relief for Wildfire and Hurricane Victims
Americans who don’t normally file a tax return now have more time to apply for an Economic Impact Payment (EIP). The Internal Revenue Service this week announced that the deadline for non-filers to send EIP-qualifying information has been extended to November 21, 2020.…
Taxpayers affected by Hurricane Sally have been given tax relief by the Internal Revenue Service. They now have until Jan. 15, 2021 to file various individual and business returns and make payment of tax due.…
American agriculture is in the grip of a major drought, with many farmers and ranchers forced to sell off major portions of their herds to avoid starvation.…
Read more about Drought-Stricken Farmers, Ranchers Get Tax Relief from IRS
Some nine million letters are being sent later this month in a special mailing to people who haven’t had a need to file a tax return but may qualify for a Economic Impact Payment (EIP).…
Read more about IRS Readies Nine Million Letters to Non-Filers on EIPs
Many Oregon taxpayers are dealing with the damage caused by recent wildfires and severe storms. While victims have been forced to flee their homes beneath a smoky, orange sky, at least they have one less thing to worry about: The looming October 15 tax extension deadline.…
Read more about New Extension Deadline for Oregon Wildfire Victims
