Drake Software blog for tax pros, covering tax, IRS news, and more
Victims of the recent tornadoes that swept through Tennessee have gotten some tax relief from the Internal Revenue Service.…
Read more about Tennessee Tornado Victims Get Tax Relief from IRS
Download the "Does My Client Qualify for QBI?" infographic.…
The IRS is continuing its taxpayer-education outreach by highlighting the Credit for Other Dependents in a recent press release.…
Read more about IRS Highlights the Credit for Other Dependents
The federal office tasked with overseeing the Internal Revenue Service says fraudulent claims for refundable credits are going through – in spite of the tools Congress gave the agency to stop them.…
Read more about IRS Allowing Fraudulent Credits to Go Through, Audit Finds
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
This week, the Internal Revenue Service reminded affected businesses and taxpayers that the deadlines for several backup withholding forms were looming.…
Read more about IRS to Businesses: Don’t Forget Backup Withholding Deadlines!
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
