Key Updates to Form 1099-K
After a few years of delays, the reporting threshold for third party settlement organizations (TPSOs) reported on a Form 1099-K has officially dropped in 2025.…
Recent IRS Changes for Tax Year 2025: Tips for Tax Professionals
As a tax professional, upcoming changes can be a bit confusing and maybe even stressful. However, understanding these changes now can help reduce uncertainty in the future.…
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Protect Your Account: Recent Tax Fraud Scams
Cyber threats are on the rise, and protecting sensitive information has never been more critical. At Drake we continue to monitor for scams and bring you the latest cyber news to help keep you informed. Read more.…
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IRS Tax Relief for 2025: Disasters Update
The IRS has announced tax relief measures to support affected individuals and businesses. This article outlines the disasters and the corresponding tax relief provisions.…
5 Tips for Tax Pros: Client Satisfaction and Retention
Discover effective client retention strategies for tax pros, from personalized service to leveraging technology. Keep clients satisfied year-round.…
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Help Clients File Digital Asset Taxes with Confidence
From cryptocurrencies like Bitcoin to NFTs and other blockchain-based tokens, digital assets present unique challenges—and opportunities—in tax compliance. Staying informed about digital assets and how they are treated for tax purposes is vital for tax professionals to serve their clients effectively.…
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IRS Extends Tax Relief for Southern California Wildfire Victims
There are significant tax relief measures for individuals and businesses affected by wildfires and straight-line winds in southern California. Learn more about these measures.…
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Tax Filing Timeline: When Does E-File Start?
The IRS will begin accepting individual returns on Monday, Jan. 27, 202. Read more.…
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Resources for Tax Professionals for Tax Season 2024
Kick off tax season 2024 with tips, updates, and tools from Drake Software. Discover resources to help tax professionals succeed this season.…
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Why Tax Preparers Should Keep Clients Informed About IRS Notices
Learn why handling IRS notices correctly matters and how you can support your clients effectively. Read the article.…
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