The Drake Software Blog
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Cincinnati Tax Processing Center to Be Closed
The Internal Revenue Service is reminding the nation’s tax professionals that, by the end of 2019, the IRS’ Cincinnati Tax…
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Government Shutdown Causes Cancellation of IRS Public Hearing
The partial federal government shutdown is in its nineteenth day, and it seems some federal services will be unavailable for…
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What is the taxable income QBI threshold for 2018?
There are two income thresholds for claiming QBI in tax year 2018: $157,500 for single taxpayers, heads of household, qualifying…
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Reminder: New Tax Law Revised Family Tax Credits
Tax reform legislation passed in late 2017 doubles the maximum Child Tax Credit, boosts income limits for claiming the credit,…
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Tax Reform Expands Retirement Contribution Limits
Notice 2018-83 details that taxpayers can now generally contribute more money to their retirement funds as part of the cost-of-living…
