Drake Software blog for tax pros, covering tax, IRS news, and more
Drake Software has collected data from peers and the IRS to analyze in-season insights. Explore key filing statistics and industry shifts to help you strategize for a stronger, more informed tax season. Get your insights.…
Read more about Key IRS Trends: Strategize for Tax Year 2025 With Compelling Tips and Insights.
As summer travel heats up, many taxpayers turn their second homes into short-term rentals. While the extra income can be lucrative, it also introduces a complex mix of tax rules that require attention from seasoned tax professionals. If your clients own or are considering listing a vacation rental, here are key tax tips to keep in mind for the coming tax season and beyond.…
Read more about Vacation Rental Tax Tips for Tax Professionals
As a tax professional, upcoming changes can be a bit confusing and maybe even stressful. However, understanding these changes now can help reduce uncertainty in the future.…
Read more about Recent IRS Changes for Tax Year 2025: Tips for Tax Professionals
Tax season can be overwhelming, but a well-organized checklist simplifies the process for both tax professionals and their clients. By ensuring clients gather the necessary documents ahead of time,…
Read more about Essential Tax Documents Checklist: A Must-Have for Your Clients
Navigating AI, Compliance, and Tax Credits in the Evolving Tax Landscape…
Read more about Tax Year 2024 Updates: Essential Insights for Tax Professionals
To ease the complex and time-consuming process of tax preparation, tax preparers have turned to technology-driven solutions that simplify and automate various aspects of tax preparation. In this article, we will explore some tax help software tools designed specifically for tax preparers and highlight The TaxBook as a valuable resource in this domain.…
How can clients trust your commitment to their confidentiality? For tax preparers, one of the best ways to showcase your protective security measures is through a specific and thorough privacy policy. We’d love to partner with you to help curate a privacy policy that honors your valued clients and complies with federal laws. Check our latest post for more information on how to make it happen!…
New research has found that the latest version of the U.S. estate tax fails in its job to tax large estates in an efficient and equitable manner, allowing the wealthiest estates to pass to heirs with an effective tax rate of just 2%.…
Read more about Research Finds Inheritance a Major Windfall for the Very Wealthy
While it may be difficult to get you clients' attention during the busy holiday season, it can be well worth their time. Here are five things to talk to clients about before this year ends:…
