![2021 Tax Filing Statistics [Infographic]](/media/2956/2021-tax-filing-statistics-infographic.jpg?anchor=center&mode=crop&width=1024&height=576&rnd=132865528660000000)
Every year, Drake Software uses Internal Revenue Service statistics to create an infographic highlighting important tax-filing information gathered throughout the year. For example, last year saw taxpayers increasingly turn to do-it-yourself platforms when it was time to file their federal tax return.…
No matter what strategy taxpayers use to get their income taxes filed, gathering critical documents now can help make this tax season headache-free.…
Read more about A Little Preparation Now Means Smooth Tax Filing Later
Tax professionals across the country endured a unique set of challenges during filing season in 2020. Normally, preparers worry about things like last-minute changes in tax law, seasonal staff, and procrastinating clients, but a once-in-a-century deadly pandemic added state-mandated social distancing protocols, office PPE supplies, telework, and Economic Impact Payments to an already long list.…
The tax-filing season will be upon us before we know it, so the Internal Revenue Service is urging taxpayers to take actions now to help ensure they can file timely and accurate returns in 2021.…
Read more about What’s New, What to Consider When Filing in 2021
Taxpayers who filed an extension are reminded that the deadline to file their 2019 taxes is looming. Oct. 15 is the deadline to file those tax returns.…
Read more about Curtain is Set to Come Down on 2020 Tax Season
Drake Software gathers important, regularly accessed tax information for tax professionals in an annually released desk reference guide. The Drake Software 2020 Desk Reference Guide includes a preseason checklist, due diligence requirements, MACRS recovery periods, medical account information, filing requirements, and much more.…
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.…
In a matter of weeks the 2020 filing season will be underway. To help ensure that taxpayers don’t get caught unprepared, the IRS is recommending everyone to act now to avoid any tax-time surprises and ensure smooth processing of 2019 tax returns.…
We’re nearing the end of 2019, and that means choosing the software that your office will use next filing season. Drake Accounting Development Manager Jay Eager walks us through new features in Drake Accounting, including bulk e-filing of Forms W-2 and W-3, multi-factor authentication, and more.…
Read more about Jay Eager on What’s New in Drake Accounting - E34
The IRS has released draft forms for revised versions of Form 1065, Form 1120-S and Schedule K-1 for tax year 2019. The Internal Revenue Service says the changes aim to improve “quality of the information reported by partnerships, both to the IRS and the partners of such entities.”…
Read more about IRS Releases Drafts of Revised Forms 1065, 1120-S, and K-1
