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

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IRS Expands More Tax Deadlines

Bob Williams - April 13, 2020
IRS Expands More Tax Deadlines

The Internal Revenue Service says it is extending additional tax deadlines for individuals and businesses.…

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The IRS Isn’t Processing Paper Tax Returns

Ryan Norton - April 10, 2020
The IRS Isn’t Processing Paper Tax Returns

The Internal Revenue Service has temporarily stopped processing paper tax returns, urging taxpayers to e-file instead.…

Read more about The IRS Isn’t Processing Paper Tax Returns

New Taxpayer Advocate on the Job Early

Bob Williams - April 09, 2020
New Taxpayer Advocate on the Job Early

Collins, recently named the new National Taxpayer Advocate, has started her new position ahead of time in order to provide the Taxpayer Advocate Service (TAS) with complete leadership during this unsettled time.…

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Accounting Today Looks at the IRS COVID-19 Response

Bob Williams - April 07, 2020
Accounting Today Looks at the IRS COVID-19 Response

For many of us, we’re living in a time that has no comparison. We’ve seen wars, famines, economic crashes, but no pandemic—until now. Jim Buttonow of Accounting Today magazine says for the Internal Revenue Service, a bad situation may be about to get even worse.…

Read more about Accounting Today Looks at the IRS COVID-19 Response

Alleged Ringleader Arrested in IRS Impersonation Scam

Bob Williams - April 06, 2020
Alleged Ringleader Arrested in IRS Impersonation Scam

Federal authorities say they’ve arrested a Pennsylvania man in connection with a nationwide IRS impersonation scam.…

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IRS Explains the Coronavirus Stimulus Scam

Ryan Norton - April 03, 2020
IRS Explains the Coronavirus Stimulus Scam

Scammers are posing as government officials and contacting targets to request information they say is required to process coronavirus stimulus payments. Unfortunately, they are now using every tactic possible, from email and phone scams to text messages, social media, and fake websites.…

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IRS Employees Told to Work from Home

Bob Williams - April 02, 2020
IRS Employees Told to Work from Home

The coronavirus pandemic has pushed the IRS to order its workforce to work from home. The IRS issued an email announcing the shift and Accounting Today magazine obtained a copy of the email.…

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Economic Impact Payments: The Facts

Bob Williams - March 31, 2020
Economic Impact Payments: The Facts

Distribution of the federal government’s economic impact payments, meant to counter the economic effects of the coronavirus pandemic in the U.S., is scheduled to start in the coming weeks, according…

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IRS Implements New Signature Policy due to COVID-19

Ryan Norton - March 31, 2020
IRS Implements New Signature Policy due to COVID-19

COVID-19 has disrupted life for Americans across the country, and as we’ve seen in recent weeks, the tax industry is not immune to change.…

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IRS Releases “People First” Initiative

Bob Williams - March 30, 2020
IRS Releases “People First” Initiative

The IRS has unveiled a large series of steps providing relief on a number of fronts, ranging from easing payment guidelines to postponing compliance actions.…

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