Drake Software blog for tax pros, covering tax, IRS news, and more
More than 150 million tax returns have been sent to the Internal Revenue Service, but many taxpayers still need to file for tax year 2019. That’s why the IRS recently reminded taxpayers that the extension deadline is less than a month away.…
Read more about IRS Reminds Taxpayers About Extension Deadline
Some nine million letters are being sent later this month in a special mailing to people who haven’t had a need to file a tax return but may qualify for a Economic Impact Payment (EIP).…
Read more about IRS Readies Nine Million Letters to Non-Filers on EIPs
The Internal Revenue Service says it will start sending out letters this month to a group of taxpayers that may have missed out on receiving Economic Impact Payments (EIPs).…
Some 50,000 individuals who had a portion of their Economic Impact Payment diverted to pay their spouse’s past-due child support will soon get a check to make up the difference.…
Read more about 50,000 to Get “Catch-Up” Economic Impact Payments
If any of your clients are one of the 4 million filers set to receive their Economic Impact Payment as a Visa prepaid debit card, they may be interested in one of the latest Internal Revenue Service press releases.…
Read more about IRS Has Answers for Taxpayers Getting EIP Cards
Learn about the latest developments for the Payroll Protection Program, IRS Nationwide Tax Forums, and Forms 1040-X.…
Read more about PPP Flexibility Act, Virtual Tax Forums, and Filing Stats – E46
The Treasury Department has issued an additional $41 billion in Economic Impact Payments since May 8, 2020.…
Read more about IRS Updates Economic Impact Payment Statistics
The Treasury Department announced that “EIP Cards” will be issued to some Economic Impact Payment recipients.…
Read more about Treasury Sending Prepaid Debit Cards to Some EIP Recipients
The Internal Revenue Service says it is in the process of hiring 3,500 additional telephone representatives so that taxpayers can get answers to their questions about Economic Impact Payments.…
Learn about recent IRS announcements concerning Economic Impact Payments, Virtual Settlement Days, the Special Enrollment Exams, and more in the latest news-roundup episode of the Taxing Subjects Podcast.…
Read more about Economic Impact Payments, Virtual Settlement Days, Delayed EA Exams, and More – E44
