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

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IRS Sends EIP3 Letters

Bob Williams - March 31, 2022
IRS Sends EIP3 Letters

Now that the Internal Revenue Service has mailed Letters 6475 to all the taxpayers who got third-round Economic Impact Payments (EIPs), there’s only one door left open to those who didn’t get the full…

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IRS Updates FAQs on Third-Round Economic Impact Payments

Bob Williams - March 29, 2022
IRS Updates FAQs on Third-Round Economic Impact Payments

The Internal Revenue Service is going the extra mile to ensure taxpayers have the newest information on the third-round Economic Impact Payment.…

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IRS Encourages Non-Filers to File for ARP Benefits

Bob Williams - February 09, 2022
IRS Encourages Non-Filers to File for ARP Benefits

The Internal Revenue Service wants to see a 2021 income tax return from all Americans—including those who haven’t filed in years. The reason is recent legislation—including the American Rescue Plan and other new laws—has put some significant tax benefits in play for those who qualify.…

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Tax Filing Tips from the IRS

Bob Williams - February 03, 2022
Tax Filing Tips from the IRS

The wait is over; the filing season for 2021 income tax returns has been opened by the IRS. But before taxpayers start sharpening pencils, cranking up the calculator and putting on a pot of coffee, they need to know they’ve got everything together to get the job done right.…

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