Drake Software blog for tax pros, covering tax, IRS news, and more
A revamped tax transcript is now available for individual taxpayers and tax professionals. The IRS previously announced the improvements to the transcript design, which is aimed at making the product more secure.…
The Inspector General for Tax Administration (TIGTA) has found that the numerous changes put forth in the tax cut legislation pose a risk of delaying the 2019 filing season.…
Read more about Tax Changes Pose Risk of Delayed Tax Season, Study Finds
Victims of Hurricane Florence in South Carolina have gotten something they haven’t seen in recent weeks: good news. The IRS has included affected taxpayers in the Palmetto State in its tax relief measures in the wake of the disaster.…
Eligible businesses offering employees paid family and medical leave could take advantage of a new tax credit next filing season, according to an IRS press release.…
Read more about IRS Reminds Employers about Family- and Medical-Leave Tax Credit
The Internal Revenue Service has announced relief measures now available to taxpayers impacted by Hurricane Florence.…
Read more about IRS Extends Relief to Hurricane Florence Victims
The IRS issued several withholding notifications throughout the year, including a four-part series advising small businesses to make timely estimated quarterly tax payments.…
Read more about IRS to Small Businesses: Don’t Forget Quarterly Estimated Tax Payments
The Internal Revenue Service’s effort to bring offshore accounts back into the U.S. will end Sept. 28, the agency says.…
Read more about Offshore Voluntary Compliance Program to End
According to a recent IRS press release, changes are coming to the Compliance Assurance Program (CAP), which has helped large corporations avoid tax problems by working closely with the IRS Large Business and International division prior to filing since 2005.…
Read more about IRS Says Changes Coming to Compliance Assurance Program
The Department of the Treasury and the IRS have issued some clarification on proposed regulation changes covering deducting charitable contributions when there’s also a state or local tax credit for the same contributions.…
When it comes to getting our information from the IRS now, security is king. So it only makes sense that the Internal Revenue Service is changing how it delivers the individual tax transcript to those taxpayers and tax pros who request it.…
