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Drake Software blog for tax pros, covering tax, IRS news, and more

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ETAAC Calls for Fully Funding IRS

Bob Williams - June 26, 2020
ETAAC Calls for Fully Funding IRS

A new report to Congress from one of the Internal Revenue Service’s advisory panels is calling for the government to do something unusual: Fully fund the IRS budget request.…

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What’s in the Taxpayer Advocate’s 2019 Annual Report to Congress?

Ryan Norton - January 10, 2020
What’s in the Taxpayer Advocate’s 2019 Annual Report to Congress?

The Internal Revenue Service this week announced that Congress has received the National Taxpayer Advocate’s 2019 Annual Report to Congress.…

Read more about What’s in the Taxpayer Advocate’s 2019 Annual Report to Congress?

Tax Exempt Organizations Now Required to File Electronically

Bob Williams - December 16, 2019
Tax Exempt Organizations Now Required to File Electronically

The Internal Revenue Service is reminding tax-exempt organizations that recent changes in the law now require them to file information returns and other forms electronically.…

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Tax Year 2020 Annual Inflation Adjustments Revealed by IRS

Ryan Norton - November 08, 2019
Tax Year 2020 Annual Inflation Adjustments Revealed by IRS

A recent Internal Revenue Service press release revealed the tax year 2020 annual inflation adjustments, which affect a number of tax items, including marginal tax rates, the Alternative Minimum Tax, the Earned Income Credit, and more.…

Read more about Tax Year 2020 Annual Inflation Adjustments Revealed by IRS

IRS Reforms Signed into Law

Bob Williams - July 03, 2019
IRS Reforms Signed into Law

The president has signed a package of IRS reforms into law after the legislation passed both houses of Congress with strong bipartisan support.…

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