Drake Software blog for tax pros, covering tax, IRS news, and more
Drake Software has collected data from peers and the IRS to analyze in-season insights. Explore key filing statistics and industry shifts to help you strategize for a stronger, more informed tax season. Get your insights.…
Read more about Key IRS Trends: Strategize for Tax Year 2025 With Compelling Tips and Insights.
The IRS has experienced significant staffing changes due to federal workforce reduction initiatives. While initial layoffs affected thousands of employees, recent developments indicate efforts to rehire and stabilize the workforce. These fluctuations come as tax professionals navigate the complexities of the 2025 filing season.…
Tax season can bring out the best—and worst—in your clientele. Stress, deadlines, and complex financial issues may cause some tax customers to act impatient, defensive, or outright combative. As a professional tax preparer, knowing how to handle difficult clients is essential for maintaining professionalism, protecting your time, and delivering accurate returns.…
Read more about 6 Practical Tips for Managing Difficult Tax Clients
Whether you are launching your first tax practice or looking to switch software, finding the right fit is critical. With many tax software solutions available, it’s easy to get overwhelmed by…
Read more about Is Drake Software Right for Your Tax Practice?
It's still vital for tax professionals to be aware of the updated IRS penalties for late filing and payment. Understanding these penalties can help in advising clients effectively and mitigating potential financial repercussions.…
Welcome to Drake Software’s Spanish Tax Resource Center. Drake Software® proudly supports Spanish-speaking tax professionals with a comprehensive selection of Spanish-language tax software tools,…
Read more about Drake Tax Spanish Software Resources for Tax Professionals
As summer travel heats up, many taxpayers turn their second homes into short-term rentals. While the extra income can be lucrative, it also introduces a complex mix of tax rules that require attention from seasoned tax professionals. If your clients own or are considering listing a vacation rental, here are key tax tips to keep in mind for the coming tax season and beyond.…
Read more about Vacation Rental Tax Tips for Tax Professionals
Learn why handling IRS notices correctly matters and how you can support your clients effectively. Read the article.…
Read more about Why Tax Preparers Should Keep Clients Informed About IRS Notices
Client retention is key to the long-term success of any tax preparation business. Keeping clients happy and loyal contributes to a steady revenue stream and helps build a strong reputation. Click for the full post which contains more strategies for client partnerships.…
Read more about Boosting Client Retention: Essential Tips for Tax Preparation Businesses
Communicating with the Internal Revenue Service (IRS) can be a daunting task, especially when you're faced with time-sensitive questions or concerns for your clients’ taxes. Knowing how to reach out to the IRS for assistance is crucial for tax preparers seeking clarification or resolution to their issues. In this blog post, we will explore the three primary ways to contact the IRS and what steps to take if the standard systems don’t work.…
Read more about IRS Operation Hours: How to Reach the IRS and What to Do When You Can't
