Drake Software blog for tax pros, covering tax, IRS news, and more
The IRS announced it would waive the penalty for insufficient estimated tax payments and withholding.…
Read more about IRS Has Good News for Taxpayers Who Under-Withheld
It’s been a rough winter for residents of the Northeast: three severe winter storms in just two months. Fortunately, the IRS is helping to take a little of the bite out of the winter wind for those most affected.…
Read more about Winter Storms Prompt IRS to Grant Relief to Businesses
The IRS yesterday issued a reminder to taxpayers who receive premium tax credit (PTC) advance payments, noting that some circumstance changes could result in the household owing additional money next…
Read more about IRS: PTC Payment Recipients Should Report Changes in Income or Family Size
IRS Offers Advice for Those with Extensions Expiring on October 15October 15 is the deadline for 13 million taxpayers with a tax-filing extension, and the IRS wants to make sure those…
WASHINGTON — The Internal Revenue Service today warned taxpayers to be on the lookout for unscrupulous tax return preparers pushing inflated tax refund claims. This scam remains on the annual list of…
WASHINGTON — The Internal Revenue Service issued the 2015 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving…
Read more about New Standard Mileage Rates Now Available; Business Rate to Rise in 2015
Termination III – Firing clientsBy James StorkVP of Education, Drake Software Sooner or later, every firm has to fire a client. That’s counter-intuitive, because one of the most powerful tenets in…
Tax professionals are no strangers to stress. Here are a few suggestions to help you deal with the stress of tax season.Don’t over-extend yourself. By now, you’ve undoubtedly noticed time doesn’t…
