Electric cars are skyrocketing in popularity and the IRS has taken note. In 2024 they will update their EV tax regulations and the tax credit they offer to clean vehicle buyers. Read all about it in our latest blog post.…
In response to a growing number of fraudulent cases, the IRS is addressing improper ERC claims to safeguard businesses. As a tax preparer, your vigilance can help protect your valued clients from scams and penalties. Read more on our latest post!…
The IRS plans to move its audit spotlight from the working-class individual taxpayer to those engaged in high-income activities, partnerships, large corporations, and promoters pushing schemes that abuse the tax laws. All changes are meant, the IRS says, to help restore fairness in the American income tax system. Click on our new blog post for the latest tax news.…
Read more about IRS Shifting Audit Focus Toward More High-Income Taxpayers
Check out today’s blog! Matt Jagst, Drake Software Head of Product, shares his perspective on recent findings from a Drake Software survey of tax professionals. In this survey, tax professionals were asked to share their experience working with clients in an environment that continues to lean toward contactless services after the events of 2020 and a reliance on evolving technology. If you missed our survey, we would love to hear your thoughts in the chat below!…
The IRS continues the push toward an all-electronic filing future by moving Form 8300 to e-filing starting January of 2024. Read our latest blog post for important information on changing requirements.…
Read more about Form 8300 to Shift to Electronic Filing Platform
Learn how paramount accurate and timely news is for tax preparers and discover subject areas to expand your expertise. Read the full blog post by clicking here.…
As recovery efforts are underway for victims of the devastating wildfires in Hawaii, the Internal Revenue Service is moving to give survivors one less thing to worry about. The agency has launched its tax relief package for victims in Maui and Hawaii counties that basically delays an array of federal individual and business tax deadlines until February 15, 2024. Read more from Bob William's article in our latest blog post.…
Read more about Hawaii Wildfire Victims Get Tax Relief from IRS
![2023 Contactless Tax Preparation [Infographic]](/media/3181/ts-6906_2023_infographic_contactless-tax-prep-survey-blog.png?anchor=center&mode=crop&width=1024&height=576&rnd=133366639710000000)
The results are in for the Drake Software 2023 Contactless Tax Preparation survey! While the 2020 filing season jettisoned the tax industry into a virtual arena, the 2023 season seems to indicate that contactless tax preparation has some staying power. More than 900 participants from tax offices across the nation (including attorneys, CPAs, EAs, and other preparers) shared their preferences and insight in the 2023 Contactless Tax Preparation survey. Download the Drake Software 2022 Contactless Tax Preparation Infographic for the results!…
Read more about 2023 Contactless Tax Preparation [Infographic]
The IRS has constructed a blueprint for its future called the Paperless Processing Initiative. This plan cuts back on paper filing with the purpose of decreasing the number of printed documents it needs to process each year and speeds up tax refunds. Our latest blog post describes these intended changes and what they mean for tax professionals.…
Read more about IRS Unveils Timetable for Completely Paperless Filing by 2025
Summer events for the tax industry are in full swing as professionals from around the country gather to share resources, insight, software, and tools for the 2024 filing season. Our latest blog post is all about trade shows and events!…
Read more about Drake Software Hits the Road This Summer: Join Us at IRS Tax Forums and Trade shows!
