The Drake Software 2019 Desk Reference Guide organizes important, frequently used tax information, like the due diligence requirements, Social Security payback limitations, and common filing season requirements.…
With just a few weeks until the end of filing season, Drake Education Tax Team Lead Amanda Watson appeared on the Taxing Subjects Podcast to explain the Child Tax Credit and Other Dependent Credit. We discussed Tax Cuts and Jobs Act-related changes, due diligence requirements, and more.…
Read more about Amanda Explains the Child Tax Credit and Other Dependent Credit - E23
How Did the TY2017 Tax Season Turn Out?We’re a few weeks removed from tax season, so we wanted to hear what tax professionals thought about the latest iteration of the January-to-April annual…
Read more about Jim Lowe & Jerry Gaddis Recap Tax Season – EP10
The Internal Revenue Service is sending a reminder to some tax preparers, reminding them that the Earned Income Tax Credit claimed in one of their returns was missing needed due diligence.…
Legislation expands the EITC due diligence requirements to include two other refundable credits – the Child Tax Credit or Additional Child Tax Credit, and the American Opportunity Tax Credit.…
Read more about 2017 Tax Season to See Expanded Due Diligence Reporting
Earned Income Tax Due Diligence By John Sapp, CPAVice President of Strategic DevelopmentDrake Software Over the past 5 or 6 years the IRS enlisted preparers to go beyond Circular 230 requirements and…
