Drake Software blog for tax pros, covering tax, IRS news, and more
The Internal Revenue Service has issued a new set of frequently asked questions (FAQs) covering the unemployment compensation exclusion for the 2020 tax year.…
Read more about IRS Updates FAQs on 2020 Unemployment Compensation Exclusion
It’s often said that computer security is everyone’s business, and now that’s truer than ever. With cybercriminals hatching scams and schemes at every turn, everyone—from taxpayers to tax professionals—has to stay on their guard to secure their computers, tablets, and phones against these cybercrooks.…
The Internal Revenue Service is relying on technology to help it keep up with its growing need for taxpayer support.…
While most things have been getting more expensive lately—gasoline, food, rent, you name it—higher education has been pricey for a long time.…
With tax season in full swing, the Internal Revenue Service wants taxpayers to be sure they’re not overlooking ways they could lessen their tax liabilities. To take advantage of one method, though, taxpayers have to be fairly quick, because there’s a deadline to meet.…
The Internal Revenue Service doesn’t want the March 1 tax deadline for farmers and fishermen to be “the one that got away.”…
The Internal Revenue Service wants college students to be a little smarter when it comes to their scholarships and any emergency grants they may have gotten due to the pandemic.…
Read more about IRS Higher Education Emergency Grants FAQs Updated
The Internal Revenue Service has upped its game in the virtual currency world with a revision of an important reporting form.…
The Internal Revenue Service has come to the conclusion that the agency has more on its to-do list than it can get done at one time. Something, they found, had to be “put on the back burner.”…
It’s a new year and a new filing season. That means the Internal Revenue Service is hard at work fighting some long-running scams aimed at tricking taxpayers out of their hard-earned money.…
