The Drake Software Blog
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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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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…
