The Drake Software Blog
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New Guidance Clears Up Partnership Deduction for State, Local Taxes
A new notice from the Internal Revenue Service reveals some new rules that are expected to be included in upcoming…
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IRS Says Self-Supporting College Students Could Qualify for an EIP
The Internal Revenue Service announced that some college students could qualify for an Economic Impact Payment. This press release is…
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IRS Streamlines Payment Agreement Setup
The Internal Revenue Service has unveiled changes they say will help struggling taxpayers affected by the pandemic settle their IRS…
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Some FBAR Filers Have One Extended Deadline Remaining
Most US citizens, entities, and resident aliens with a foreign bank or financial account have seen their IRS reporting deadline…
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IRS Announces 2021 Income Ranges for IRA, Saver’s Credit Eligibility, and More
Taxpayers trying to plan their 2021 deductible retirement plan contributions will be happy to learn that the Internal Revenue Service…
