Taxpayers may be aware that the Families First Coronavirus Response Act (FFCRA) includes a refundable tax credit for eligible employers who provide COVID-related sick and family leave. What some might not know is that this credit is also available for self-employed individuals, and a new form from the Internal Revenue Service makes claiming it straightforward.…

Read more about IRS Unveils New Self-Employed Sick Leave and Family Leave Form

Since the Coronavirus pandemic began, we’ve heard a lot about front-line health care workers and their risks. Now we’ve come to know that teachers face risks of their own.…

Read more about Educators Can Now Deduct Expenses for COVID-19 PPE

The Internal Revenue Service is making good on its pledge to provide information and assistance to underserved communities. The agency has now made two publications that are key to tax professionals available in Spanish.…

Read more about Two Key Publications Now Available in Spanish

Drake Software surveyed 3,500 tax professionals to learn if their tax preparation fees have changed since the implementation of the Tax Cuts and Jobs Act.…

Read more about 2019 "How Do Your Tax Prep Fees Stack Up?" Results

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.…

Read more about It’s Time to Get Ready for Taxes

The Internal Revenue Service has published a draft of a new tax return targeted at senior citizen taxpayers.…

Read more about New 1040 for Seniors and Updated 1040 Unveiled

Last week, draft copies of the new Form 1040 that is also rumored to be a replacement for the 1040A and 1040EZ began circulating. By the end of the week, the IRS confirmed several rumors when it issued a press release outlining the pending changes in broad terms.…

Read more about IRS Says New 1040 to use “Building Block Approach”

Tax Season 2018 has finally arrived, with the IRS opening the gates to 1040 returns. Not to throw cold water on your enthusiasm, but what it means is, those cybercriminals we’ve been warning you about over the past months will now start playing for keeps.…

Read more about Security: Prepare for the Worst, Hope for the Best

The IRS is alerting tax preparers about possible delays in processing returns with the Child Tax Credit because of errors.Monday the IRS sent this alert to tax professionals...We have observed…

Read more about Schedule 8812, Child Tax Credit Attached to Form 1040 or Form 1040A