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Drake Software blog for tax pros, covering tax, IRS news, and more

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Curtain is Set to Come Down on 2020 Tax Season

Bob Williams - October 09, 2020
Curtain is Set to Come Down on 2020 Tax Season

Taxpayers who filed an extension are reminded that the deadline to file their 2019 taxes is looming. Oct. 15 is the deadline to file those tax returns.…

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IRS Reminds Taxpayers About Extension Deadline

Ryan Norton - September 21, 2020
IRS Reminds Taxpayers About Extension Deadline

More than 150 million tax returns have been sent to the Internal Revenue Service, but many taxpayers still need to file for tax year 2019. That’s why the IRS recently reminded taxpayers that the extension deadline is less than a month away.…

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IRS Expands Cash Payment Options

Bob Williams - July 07, 2020
IRS Expands Cash Payment Options

The Internal Revenue Service says it has expanded its list of retail partners who accept cash payments for federal taxes. This cash payment option is available for individual and business taxpayers alike.…

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IRS Not Pushing Back July 15 Deadline

Ryan Norton - June 30, 2020
IRS Not Pushing Back July 15 Deadline

The Internal Revenue Service has some bad news for taxpayers hoping that the tax filing and payment deadlines would get pushed back again.…

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IRS Wants Farmers and Fishermen to Remember March 2 Deadline

Ryan Norton - February 26, 2020
IRS Wants Farmers and Fishermen to Remember March 2 Deadline

If any of your clients make two thirds of their gross income from farming or fishing, they may need to file a Form 1040 and pay tax due on Monday.…

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Tax Bills are in the Mail

Ryan Norton - June 05, 2019
Tax Bills are in the Mail

Some of your clients may have found a tax bill when they opened their mailbox this morning. That’s because the Internal Revenue Service began sending CP14 and CP501 Notices to taxpayers who still owe tax for TY 2018.…

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