Drake Software blog for tax pros, covering tax, IRS news, and more
Senate Finance Committee Chairman Chuck Grassley pushed Congress to revive the tax extenders that expired at the end of 2018 in a press release issued last month.…
Read more about Finance Chair Wants to Bring Back Tax Extenders
When the Bipartisan Budget Act was passed in February, some early filers needed to submit amended returns to take advantage of the retroactive tax extenders that were included in the legislation.The…
Read more about Drake Tax Ready to Process All Bipartisan Budget Act Extenders
The $400 billion Bipartisan Budget Act that President Trump signed on February 9 retroactively renews several 2017 tax benefits, including three the IRS believes taxpayers are most likely to claim early in tax season.…
Today, the IRS issued a press release stating that the combination of tax extenders legislation, agency preparation, and help from tax professionals ensured that they will be able to begin tax season…
Read more about Just in Time: 2016 Tax Season Won’t be Postponed
