The Drake Software Blog
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IRS Issues Guidance for American Rescue Plan Changes to the CTC, EITC, and APT
The Internal Revenue Service has released guidance for changes to the Child Tax Credit, Earned Income Credit, and application percentage…
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TAS Warns of Ban for Improperly Claiming Some Credits
The nation’s Taxpayer Advocate wants taxpayers to know there’s a downside to having too much of a good thing. In…
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IRS Wants Help Raising Awareness of EIP Eligibility for Homeless Americans
The Internal Revenue Service continues to send out Economic Impact Payments (EIPs), aimed at helping Americans though these tough economic…
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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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