Drake Software blog for tax pros, covering tax, IRS news, and more
After severe thunderstorms and tornadoes raked parts of Tennessee on March 31, many of Volunteer State taxpayers could use a little good news. The Internal Revenue Service is doing its part, announcing tax relief for storm victims.…
Read more about Tennessee Storm Victims Have Deadlines Moved to July 31
The IRS Tax Withholding Estimator on IRS.gov does just what it says: help taxpayers determine whether their employer is withholding enough tax or if they need to fill out a new Form W-4.…
With 2020’s extended tax deadlines due to the coronavirus pandemic, it seems like we just wrapped up the previous tax season. But believe it or not, the next filing season kicks off Jan. 1, 2021.…
Read more about Get Started Now to Make Next Tax Season Easier
In a matter of weeks the 2020 filing season will be underway. To help ensure that taxpayers don’t get caught unprepared, the IRS is recommending everyone to act now to avoid any tax-time surprises and ensure smooth processing of 2019 tax returns.…
According to the IRS, self-employed taxpayers should use the Tax Withholding Estimator when they perform their next “paycheck checkup.”…
Read more about IRS to Self-Employed Taxpayers: Use the Tax Withholding Estimator
A reworked version of Form W-4 has been released by the IRS and the Treasury Department for the 2020 tax year.…
