Drake Software blog for tax pros, covering tax, IRS news, and more
In October, we told readers about IRS relief measures that applied to some 19 Mississippi counties impacted by Hurricane Ida. That relief has now been expanded to add 63 other counties, covering the…
The Internal Revenue Service says tax professionals spoke—and the agency listened. After getting comments from tax pros, the IRS has now increased the number of transcripts a professional preparer can get on any one client.…
Read more about IRS Announces Increased Transcript Limit for Tax Pros
![2021 Are You Ready for Filing Season? [Infographic]](/media/2911/ready-for-tax-season.jpg?anchor=center&mode=crop&width=1024&height=576&rnd=132817987270000000)
Drake Software surveyed more than 2,500 tax professionals to learn what steps they’ve taken to prepare for the upcoming filing season. We compiled the results in the FREE Are You Ready for Filing Season? Infographic, which covers issues related to credentials and training, software and office equipment, and client communication and services.…
Read more about 2021 Are You Ready for Filing Season? [Infographic]
As the economy warms up in recovery mode, inflation starts to raise its ugly head. Everything—from baby food to new cars—costs more.…
The Internal Revenue Service is pushing out more information for taxpayers interested in the Child Tax Credit and its advance payments.…
A new provision in the tax code lets more taxpayers deduct up to $600 in donations to qualified charities—even if they don’t itemize.…
Read more about Some Non-Itemizers Can Deduct Charitable Donations
Taxpayers in Connecticut are getting a little extra time to file their taxes, courtesy of Hurricane Ida and the IRS. Ida tore up coastal areas in the southern US, and went on to batter the Northeast with flooding and other damage.…
Families who have significant income changes to report for the advance Child Tax Credit payments are running out of time to pass those changes on to the Internal Revenue Service.…
While most of the nation’s attention is turned to fall colors and the Thanksgiving holidays, residents of some Mississippi counties still have all-too-vivid memories of meaner weather earlier in the summer.…
Read more about Some Mississippi Counties Get Expanded Ida Relief
The Internet is filled with cybersecurity threats that can jeopardize family finances. Just one of many scams, identity theft tax refund fraud (ITTRF) is big business for criminals, and it can cause big headaches for victims.…
