IRS Updates Clean Vehicle Credit Guidance
As electric cars become more common on American roads, fully electric autos (termed “clean vehicles” by the Internal Revenue Service) are now show
IRS Shifting Audit Focus Toward More High-Income Taxpayers
The Internal Revenue Service says it’s about to move its main audit spotlight from the everyday working-class individual taxpayer to those engaged i
Contactless Tax Preparation – Here to Stay
By Matt Jagst, Drake Software Head of Product
For many tax and accounting firms, methods of client interaction changed dramatically in the spri
Form 8300 to Shift to Electronic Filing Platform
The push toward an all-electronic filing future continues at the IRS. The agency’s latest move has Form 8300, Report of Cash Payments Over $10,000,
News for Tax Professionals
Any successful tax preparer knows how to navigate a constant state of flux, as financial regulations, laws, and client expectations can change at a mo
Hawaii Wildfire Victims Get Tax Relief from IRS
As recovery efforts are underway for victims of the devastating wildfires in Hawaii, the Internal Revenue Service is moving to give survivors one less
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