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.…

Read more about News for Tax Professionals

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

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!

The ETAAC released recommendations to improve electronic income tax filing in their 2023 annual report. The document asks the IRS to update their procedures and details legislation and other recommendations for both Congress and the IRS. Drake Software covers their Taxpayer Trust Model and the proposed changes in our recent blog post.…

Read more about ETAAC Lays Out its 2023 Recommendations

Weeks of record flooding and mountain snows brought on by an “atmospheric river" in California resulted in a federal disaster declaration from the Federal Emergency Management Agency (FEMA). While disaster victims received tax relief from filing and payment deadlines, some were confused after receiving notices from the Internal Revenue Service.…

Read more about Calif. Disaster Victims Report Confusion Following IRS Notice

A new wave of advertising is churning up interest in a tax credit intended to help businesses and non-profits that tried to retain their employees during the COVID-19 pandemic. However, the ads on TV and radio, online, and even direct mail leave out a critical fact: most of the promoters’ clients won’t qualify for the credit.…

Read more about Real Facts About Bogus Claims for the Employee Retention Credit

The Internal Revenue Service is moving ahead with a program that will offer taxpayers a new option on for filing their 2023 returns next year. Dubbed “Direct File,” a scaled-down version of the full program will allow taxpayers to file online for free, using an IRS-run website.…

Read more about Direct File Pilot to Debut Next Tax Season