The Drake Software Blog
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IRS Issues Another Abusive Micro-Captive Arrangement Warning
The Internal Revenue Service is once again warning taxpayers who are involved in abusive micro-captive insurance schemes that they need…
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FBAR Deadline is Still April 15
While the deadline for filing federal income taxes has been pushed back to May 15 because of the COVID-19 pandemic,…
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Taxpayers Don’t Have to Repay Excess APTC for TY2020
The American Rescue Plan Act brought a third round of Economic Impact Payment and plenty of changes to tax credits,…
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Consider Amending Returns That Didn’t Take Unemployment Compensation Exclusion
Major tax legislation usually causes a period of confusion as taxpayers and tax professionals wait for official guidance on complex…
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IRS Says PPE Expenses Could be Deductible
A new announcement from the Internal Revenue Service should come as welcome news to front-line health care workers nationwide. Announcement…
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