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

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AICPA Seeks More Time for Filing as Deadline Looms

Bob Williams - July 09, 2020
AICPA Seeks More Time for Filing as Deadline Looms

The American Institute of CPAs is asking the Internal Revenue Service to further extend the deadline for filing and paying income taxes.…

Read more about AICPA Seeks More Time for Filing as Deadline Looms

Audits Slashed During IRS Pandemic Shutdown

Bob Williams - July 01, 2020
Audits Slashed During IRS Pandemic Shutdown

The office closures suffered by the Internal Revenue Service during the opening weeks of the coronavirus pandemic lead to a near shutdown of the agency’s audit program, a new report suggests.…

Read more about Audits Slashed During IRS Pandemic Shutdown

IRS Releases “People First” Initiative

Bob Williams - March 30, 2020
IRS Releases “People First” Initiative

The IRS has unveiled a large series of steps providing relief on a number of fronts, ranging from easing payment guidelines to postponing compliance actions.…

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