Drake Software blog for tax pros, covering tax, IRS news, and more
Protecting taxpayer data from scammers and preventing identity theft tax refund fraud has long been a chief concern for the Internal Revenue Service, and pursuing this mission lead the agency to form the Security Summit.…
Read more about Privacy Concerns Lead IRS to Drop Facial Recognition
Filing season has just begun, and scammers are already trying to make life miserable for everyone else. While this isn’t a shocking turn for anyone who has been paying attention to the evolution of identity theft tax refund fraud, it’s a problem that everyone needs to be aware of nonetheless.…
It’s official: the gates are open; the race is on. Tax season for 2022 is officially underway.The IRS kicked off this year’s filing season urging taxpayers to help them get refunds out faster this…
Read more about IRS Opens Tax Season with Tips for Faster Refunds
Taxpayers who filed an extension are reminded that the deadline to file their 2019 taxes is looming. Oct. 15 is the deadline to file those tax returns.…
Read more about Curtain is Set to Come Down on 2020 Tax Season
TIGTA published its interim report, detailing tax-season challenges for the IRS that range from recent legislation to the COVID-19 outbreak.…
Read more about TIGTA Says This Tax Season Presents Uphill Climb to IRS
COVID-19 has disrupted daily life for taxpayers across the country. Whether due to school closures or businesses shutting down, change is the one thing that feels inevitable.…
Read more about COVID-19 Causes Delay of Tax Payment Deadline
The Internal Revenue Service has confirmed that it will begin accepting and processing 2019 returns on January 27, opening the gates for millions of individual tax return filers.…
Read more about 2019 Filing Season to Start January 27, IRS Says
In the 2019 Filing Season Statistics infographic, Drake Software breaks down some of the key takeaways, like the total number of returns filed, how many returns were filed by tax professionals, and more.…
A recent IRS Newswire announced that the 2018 Annual Report to Congress finally arrived on lawmakers’ desks, one of two reports that National Taxpayer Advocate Nina Olson is required by law to submit each year.…
Read more about Taxpayer Advocate Says Shutdown Has Affected Filing Season
Since the majority of the Tax Cuts and Jobs Act changes went into effect in tax year 2018 and there’s a new Form 1040 and supporting schedules to learn, Drake Software wanted to see if preparers felt ready before the January 28 start date.…
Read more about “Are You Ready for Tax Season?” Survey Results
