Drake Software blog for tax pros, covering tax, IRS news, and more
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
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 last week issued a Tax Tip outlining how the Tax Cuts and Jobs Act (TCJA) will affect section 529A ABLE accounts.…
Drake Software's Federal Tax Manager, Robin Miles, and Lead Tax Analyst, Bob Nolan, joined me in the studio to discuss the broader implications of the Tax Cuts and Jobs Act for the Tax Year 2018 filing season.…
Read more about Robin Miles and Bob Nolan on TCJA Individual Changes - EP16
The Internal Revenue Service says it will issue regulations on some tax law changes that affect 529 college savings plans.…
Read more about IRS to Issue Guidance on College Savings Plans
In this episode of the Taxing Subjects Podcast, we are joined in the studio by Drake Software’s Olena Romanchuk, CPA to talk about how the Tax Cuts and Jobs Act and Bipartisan Budget Act of 2018…
Read more about Olena Romanchuk Breaks Down Passthrough Changes - EP14
New York, Connecticut, Maryland, and New Jersey are suing the federal government, claiming the SALT limitation is unconstitutional.…
The passage of the Tax Cut and Jobs Act in December, 2017 marked a sea change in how dependents are treated on the average Form 1040.…
Read more about Tax Treatment of Dependents is a Different World Now
While tax professionals across the country are aware that tax year 2018 is when the majority of the Tax Cuts and Jobs Act changes take effect, they may not be entirely certain what those changes…
Read more about CPA LaDonna Keener on C Corporation Changes - EP12
Trade groups are asking Congress to make some tweaks to last year’s Tax Cuts and Jobs Act that provided tax cuts to individuals and businesses. Critics of the legislation asserted it was drafted in…
