It would be an understatement to suggest that interest in virtual currency grew during the early days of the pandemic. By 2021, virtual currency (or cryptocurrency) had seemingly arrived as a mainstream investment vehicle—with exchanges even purchasing Super Bowl ads featuring Hollywood celebrities.…

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This summer, the country has been hammered by extreme weather—from oppressive heat waves to torrential rains. In response to deadly flooding in Eastern Kentucky, the Internal Revenue Service announced tax relief for counties the Federal Emergency Management Agency declared disaster areas.…

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The pandemic forced businesses across the country to adjust how they served customers. Many customer-facing businesses adopted services like curbside pickup to protect both their employees and customers—programs proving so popular they outlived the restrictions that gave rise to them.…

Read more about 2022 Contactless Tax Preparation [Infographic]

Product features are usually top of mind when considering new professional tax preparation software. After all, you need to ensure the product can meet the needs of your busy tax office. However, it’s also important to determine which return types and entities will convert to the new program.…

Read more about 3 Things to Know When Converting to Drake

More than 5,700 tax professionals responded to Drake Software’s fourth annual How Did Your Filing Go? Survey. This group of attorneys, CPAs, EAs, and preparers were asked about a number of issues from the 2022 filing season, including…

Read more about How Did Your 2022 Filing Season Go? [Infographic]

We made it to April. The filing deadline looms large as procrastinating taxpayers across the country are finally scrambling to get their tax documents together. But it’s not just the home stretch for filing season; this is the month that CPA Practice Advisor usually releases the results of their annual survey: The Readers’ Choice Awards.…

Read more about Drake Wins 5 Categories in 2022 CPA Practice Advisor Readers’ Choice Awards

It turns out the Internal Revenue Service isn’t entirely done with facial recognition software after all. While the agency once again confirmed they will not require biometric data for IRS Online Account registration, it would remain an option for taxpayers who prefer that verification method—with additional security measures in place to protect taxpayers’ privacy.…

Read more about Facial-Recognition Now Optional for IRS Online Accounts

Phishing emails are a common threat found in your inbox. While these scams range from too-good-to-be-true business opportunities to aggressive threats from “government agencies,” one specific…

Read more about IRS Warns Tax Pros About Spear-Phishing Scams

Protecting taxpayer data from scammers and preventing identity theft tax refund fraud has long been a chief concern for the Internal Revenue Service, and pursuing this mission lead the agency to form the Security Summit.…

Read more about Privacy Concerns Lead IRS to Drop Facial Recognition

Filing season has just begun, and scammers are already trying to make life miserable for everyone else. While this isn’t a shocking turn for anyone who has been paying attention to the evolution of identity theft tax refund fraud, it’s a problem that everyone needs to be aware of nonetheless.…

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