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

Ryan Norton

Whether designing superheroes, penciling caricatures, or just doodling, I always knew I was going to earn some sort of art degree while in college. That was my goal before I decided to trade Edgar Degas for Edgar Allan Poe during a Freshman English class. The BA in English soon morphed into a double-major in English and Philosophy, eventually becoming an MA in English. It only makes sense that I learned of a writing opportunity for a local marketing firm while teaching a first-year college English course. Before I knew it, I was writing and editing tax-related articles for Taxing Subjects, and this has been my home since 2014.

Non-Filer EIP Deadline Now November 21

Ryan Norton - October 08, 2020

Americans who don’t normally file a tax return now have more time to apply for an Economic Impact Payment (EIP). The Internal Revenue Service this week announced that the deadline for non-filers to send EIP-qualifying information has been extended to November 21, 2020.…

IRS Announces ABLE Account Final Regulations

Ryan Norton - October 05, 2020

Achieving a Better Life Experience (ABLE) accounts now have final regulations from the Internal Revenue Service. Published last Thursday, this is the latest in a series of recently published final regulations that address changes to programs and rules affected by the 2017 Tax Cuts and Jobs Act.…

Final Regulations for Business Meals and Entertainment Deductions Now Available

Ryan Norton - October 02, 2020

The Internal Revenue Service closed out September by announcing the publication of final regulations for the business-related entertainment deductions that were removed from section 274 by the Tax Cuts and Jobs Act.…

Tax Year 2020 Desk Reference Guide

Ryan Norton - October 01, 2020

Drake Software gathers important, regularly accessed tax information for tax professionals in an annually released desk reference guide. The Drake Software 2020 Desk Reference Guide includes a preseason checklist, due diligence requirements, MACRS recovery periods, medical account information, filing requirements, and much more.…

Default Withholding Rate for Periodic Retirement and Annuity Payments Gets Final Regulations

Ryan Norton - September 30, 2020

Final regulations for the default rate of individual income withholding for certain periodic retirement and annuity payments that are made in 2021 are now available.…

IRS Spotlights Online Tax Resources for Small Business Week

Ryan Norton - September 25, 2020

The pandemic has affected everything in American life, even National Small Business Week. This year, the Internal Revenue Service spent all three days of the event highlighting online resources that can help small businesses dealing with coronavirus-related difficulties.…

Final Regulations for Estate and Non-Grantor Trust Deductions, 100 Percent Bonus Depreciation

Ryan Norton - September 22, 2020

Anyone who has prepared tax returns professionally knows that change is the rule, not the exception. When tax laws change, the Internal Revenue Service has the unenviable task of making sense of legislation or executive actions that directly impact the tax industry.…

IRS Reminds Taxpayers About Extension Deadline

Ryan Norton - September 21, 2020

More than 150 million tax returns have been sent to the Internal Revenue Service, but many taxpayers still need to file for tax year 2019. That’s why the IRS recently reminded taxpayers that the extension deadline is less than a month away.…

New Extension Deadline for Oregon Wildfire Victims

Ryan Norton - September 18, 2020

Many Oregon taxpayers are dealing with the damage caused by recent wildfires and severe storms. While victims have been forced to flee their homes beneath a smoky, orange sky, at least they have one less thing to worry about: The looming October 15 tax extension deadline.…

Download the "How Did Your Filing Season Go?" Infographic

Ryan Norton - September 04, 2020

Drake Software surveyed more than 1,300 tax professionals to learn how COVID-19 affected their filing season.…