With the passage of Thanksgiving, Americans are shifting into gifting mode. For many, that means giving a holiday monetary gift to a well-deserving charity of one sort or another.…

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Cyber Monday traditionally closes out the busiest holiday shopping weekend of the year, which sees Americans swarming stores and crawling websites for post-Thanksgiving sales. Despite predictions of fewer in-person shoppers and eye-popping deals, there’s no doubt that consumers want to get the best bang for their buck.…

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Now that the IRS is putting the wraps on the last installment of the Advance Child Tax Credit payments for 2021, some taxpayers who didn’t apply for other credits might get a reminder to do a little extra checking.…

Read more about IRS Notices CP08 and CP09

The Internal Revenue Service is making a pitch about the Advance Child Tax Credit payments that smacks of the spiel for sale pricing from used car dealers: “When it’s gone, it’s gone!”…

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In October, we told readers about IRS relief measures that applied to some 19 Mississippi counties impacted by Hurricane Ida. That relief has now been expanded to add 63 other counties, covering the…

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The Internal Revenue Service says tax professionals spoke—and the agency listened. After getting comments from tax pros, the IRS has now increased the number of transcripts a professional preparer can get on any one client.…

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Drake Software and Right Networks are collaborating on this three-part series highlighting different software solutions available to tax professionals. In part three, we look at how cloud application hosting facilitates remote work.…

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Drake Software surveyed more than 2,500 tax professionals to learn what steps they’ve taken to prepare for the upcoming filing season. We compiled the results in the FREE Are You Ready for Filing Season? Infographic, which covers issues related to credentials and training, software and office equipment, and client communication and services.…

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The Internal Revenue Service is doing a little extra to help those taxpayers who have suffered from the wildfires in California. The agency is pushing back the deadlines for filing and paying various individual tax returns to January 3.…

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As the economy warms up in recovery mode, inflation starts to raise its ugly head. Everything—from baby food to new cars—costs more.…

Read more about Tax Year 2022 Inflation Rates Announced