Drake Software blog for tax pros, covering tax, IRS news, and more
Drake Software has collected data from peers and the IRS to analyze in-season insights. Explore key filing statistics and industry shifts to help you strategize for a stronger, more informed tax season. Get your insights.…
Read more about Key IRS Trends: Strategize for Tax Year 2025 With Compelling Tips and Insights.
It's still vital for tax professionals to be aware of the updated IRS penalties for late filing and payment. Understanding these penalties can help in advising clients effectively and mitigating potential financial repercussions.…
Communicating with the Internal Revenue Service (IRS) can be a daunting task, especially when you're faced with time-sensitive questions or concerns for your clients’ taxes. Knowing how to reach out to the IRS for assistance is crucial for tax preparers seeking clarification or resolution to their issues. In this blog post, we will explore the three primary ways to contact the IRS and what steps to take if the standard systems don’t work.…
Read more about IRS Operation Hours: How to Reach the IRS and What to Do When You Can't
The IRS issues relief packages to areas that recently experienced natural disasters or events designated as disasters by the United States government. This blog post provides extension details and provides information on IRS legislature about filing tax returns in the wake of extreme weather or disaster incidents. Bookmark this post for updates!…
The Internal Revenue Service (IRS) has announced the agenda for the 2024 Nationwide Tax Forum, which will feature 45 seminars aimed at enhancing the skills of tax professionals. This year's forum, which includes contributions from the IRS and leading tax associations, will cover a broad spectrum of topics designed to help tax professionals better serve their clients. Continue reading for more information on this topic.…
Read more about IRS Unveils 2024 Nationwide Tax Forum Agenda with 45 Seminars
Tax season can be a daunting time for many individuals and businesses, and the Internal Revenue Service (IRS) understands the importance of providing accessible assistance to address your inquiries. To help you navigate the intricacies of tax matters, we'll guide you through the various channels available for reaching the IRS and obtaining the information you need. Our blog post gives you all the details.…
Read more about How to Contact IRS Agents as a Tax Professional
The IRS is updating regulations for tax forms and filing requirements. One such regulation establishes a new threshold for electronic filing of certain returns. This change has implications for employers and taxpayers alike, as it affects the way tax-related information is submitted to the IRS. In this blog, we discuss the details of this amendment, its significance, and how it may impact employers and taxpayers in the years to come.…
Read more about Understanding the New IRS E-Filing Requirements for Forms W-2
The IRS plans to move its audit spotlight from the working-class individual taxpayer to those engaged in high-income activities, partnerships, large corporations, and promoters pushing schemes that abuse the tax laws. All changes are meant, the IRS says, to help restore fairness in the American income tax system. Click on our new blog post for the latest tax news.…
Read more about IRS Shifting Audit Focus Toward More High-Income Taxpayers
As recovery efforts are underway for victims of the devastating wildfires in Hawaii, the Internal Revenue Service is moving to give survivors one less thing to worry about. The agency has launched its tax relief package for victims in Maui and Hawaii counties that basically delays an array of federal individual and business tax deadlines until February 15, 2024. Read more from Bob William's article in our latest blog post.…
Read more about Hawaii Wildfire Victims Get Tax Relief from IRS
Summer events for the tax industry are in full swing as professionals from around the country gather to share resources, insight, software, and tools for the 2024 filing season. Our latest blog post is all about trade shows and events!…
Read more about Drake Software Hits the Road This Summer: Join Us at IRS Tax Forums and Trade shows!
