Drake Software blog for tax pros, covering tax, IRS news, and more
The last part of the year is traditionally a good time for taxpayers to check their withholding levels for the upcoming new year. That's why the Internal Revenue Service recently issued a friendly reminder.…
A recently released notice allows employers who elected to defer certain employees’ taxes to withhold and pay those deferred taxes throughout 2021 - instead of just the first four months of the year.…
Read more about Employers Can Withhold, Make Payments of Deferred Social Security Taxes from 2020
The Treasury Department and the Internal Revenue Service have issued their proposed regulations updating the federal income tax withholding rules, bringing them in line with the changes made by the Tax Cuts and Jobs Act.…
The Internal Revenue Service has issued a few reminders to small business owners to go along with this week’s observance of National Small Business Week.…
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
