Drake Software blog for tax pros, covering tax, IRS news, and more
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.…
Read more about IRS Wants Farmers and Fishermen to Remember March 2 Deadline
The Treasury Department and the Internal Revenue Service have issued their proposed regulations updating the federal income tax withholding rules, bringing them in line with the changes made by the Tax Cuts and Jobs Act.…
The new Identity Theft Central page on IRS.gov is the latest tool the Internal Revenue Service has developed to stop identity thieves in their tracks.…
Read more about Identity Theft Central Built to Combat Phishing Scams
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
In the two previous posts, we took a look at some of the assessments the IRS leadership made about 2019 and how the agency responded. In this edition, we’ll look forward.…
Read more about IRS Annual Report: Six Goals and a Look Ahead
Tax clients who had their student loans forgiven have even more cause for celebration this week.…
Read more about New Revenue Procedure Extends Discharged Loan Relief
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 released its annual report for 2019, giving Commissioner Chuck Rettig a chance to explain the improvements implemented in the American tax system in the last year.…
Read more about IRS Annual Report: Tax Changes and Enforcement
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
