Drake Software blog for tax pros, covering tax, IRS news, and more
Taxpayers dealing with the fallout from wildfires in California and Hurricane Delta in Louisiana yesterday received some good news from the Internal Revenue Service. Following the Federal Emergency Management Agency’s disaster declarations for affected areas, the IRS is giving victims additional time to meet certain filing and payment deadlines.…
Read more about Tax Relief for Wildfire and Hurricane Victims
Taxpayers affected by Hurricane Sally have been given tax relief by the Internal Revenue Service. They now have until Jan. 15, 2021 to file various individual and business returns and make payment of tax due.…
American agriculture is in the grip of a major drought, with many farmers and ranchers forced to sell off major portions of their herds to avoid starvation.…
Read more about Drought-Stricken Farmers, Ranchers Get Tax Relief from IRS
The Internal Revenue Service is giving tornado, thunderstorm and flooding victims in three states extra time to file their various tax returns and make tax payments.Severe storms raked parts of…
Victims of the recent tornadoes that swept through Tennessee have gotten some tax relief from the Internal Revenue Service.…
Read more about Tennessee Tornado Victims Get Tax Relief from IRS
The Internal Revenue Service recently announced that tax relief has once again been expanded for earthquake victims in Puerto Rico.…
Read more about More Qualify for Earthquake-Related Tax Relief in Puerto Rico
The IRS this week reminded taxpayers that the filing deadline for those with a tax extension is Tuesday, October 15, 2019. Generally, taxpayers who request an extension are given an extra six months to file their tax return with the IRS.…
American farmers and ranchers forced to sell livestock due to drought have been given some tax relief by the IRS. The measures give qualified taxpayers an extra year to replace livestock and defer tax on gains from the forced sales.…
Read more about Farmers Get More Time for Drought Relief Measures
While current weather patterns point to an active hurricane season, the IRS wants taxpayers to know that disaster assistance and tax relief measures are in place should a natural disaster strike.…
The IRS announced that more Ohio taxpayers may be eligible to receive tax relief following the devastating tornadoes that swept across the state at the end of May.…
