The Drake Software Blog
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IRS Reminds Taxpayers About Offer in Compromise Program
Sometimes, taxpayers find themselves with a tax bill they just can’t satisfy. The taxpayer is willing to pay, but the…
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New Draft Schedules K-2 and K-3 Announced by IRS
Partnerships and S corporations that will have to report “international tax matters” in 2022 can now review the new draft…
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Navigating Notices About Economic Impact Payments
The Internal Revenue Service has kept taxpayers’ mailboxes busy for months now, sending out notices to taxpayers about the various…
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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…
