2025 Tax Season

  • Tax Court Says Don’t Blame DIY Tax Software

    A recent Tax Court ruling is clear that do-it-yourself tax software is no shield against improper deductions. As reported in Accounting Today, the case involved an insurance consultant who, ironically enough, had accountants for clients. The consultant decided to do his own returns, but made mistakes on 2011 and 2012 returns. The court said he…

  • Is Your Hobby a Business? How the IRS Decides

    Millions of Americans engage in hobbies that may also be a source of income. And it’s that last word – income – that raises the attention of the Internal Revenue Service. Any hobby – from quilting to computer repair to cake baking – can fall under the IRS standards for a business if the right…

  • Not Everyone Has to File on Tax Day

    IRS Identifies Three Groups with a Different Deadline April 18 is Tax Day, and – according to the nationwide weeping and gnashing of teeth – that means most taxpayers must have their returns or extensions filed by tomorrow, including those reporting foreign accounts. While we’re just one day away from morning shows, 24-hour news outlets,…

  • 2016 IRS Tax Season Statistics

    Edit: We understand some of our customers may be utilizing special tools to access PDFs. While we have worked diligently to ensure our materials are accessible to all individuals, there may be some PDFs prior to January 2020 that require formatting for the use of accessibility tools. Please let us know if you require additional…

  • Still Want to Make a 2016 IRA Contribution? You Can

    According to the most recent Internal Revenue Service “Tax Time Guide,” clients can still contribute money to their 2016 Individual Retirement Account (IRA). The IRS-issued reminder also noted that such contributions may qualify for a deduction or credit. This year, the IRS is releasing ten “Tax Time Guides” to equip taxpayers with resources needed to…

  • IRS Still Has Some 2013 Tax Refunds

    We’ve always been skeptical of that old marketing phrase, “Free Money.” But some taxpayers who filed their 2013 returns may still have a tax refund waiting for them. The Internal Revenue Service says some $1 billion – yes, that’s billion, with a “b” – in unclaimed refunds is waiting for their taxpayers to come forward.…

  • States Will Take Longer to Push Out Refunds

    Taxpayers who have a state income tax refund coming will have to be more patient than in previous years. A number of states have put delays into their refund processes to give them more time to validate return information.

  • National Taxpayer Advocate Report Good News, Bad News for IRS

    Every year, the National Taxpayer Advocate, Nina Olson, submits a report to Congress on how she rates the performance of the Internal Revenue Service from a taxpayer’s perspective. Federal law requires the annual report from the Taxpayer Advocate Service (TAS) to identity at least 20 of the most serious problems encountered by the nation’s taxpayers…

  • Drake Software and Area Schools Send Christmas Cards to Local Veterans, Law Enforcement

    Drake Software and Macon County schools produced more than 3,000 Christmas cards for the American Red Cross (ARC) Holiday for Heroes project and more than 100 cards for the second annual Holiday Cards for Cops program. For both projects, Drake Software distributed supplies to participating schools, where faculty and staff held card-creating events for students.…

  • Health Care-Related Tax Responsibility

    Get a Grip on Tax Season by Checking on Potential Health Care Exemptions The Internal Revenue Service recently suggested that taxpayers consider checking their eligibility for health care-related tax exemptions. Taxpayers who plan their finances around a refund check may be better able to budget during tax season by researching their options before January 23, 2017.