Tax Blog
The latest tax tips and news from TallyPage Accounting and Bookkeeping
2023 Contactless Tax Preparation [Infographic]
Is contactless tax preparation the future of the industry? While the 2020 filing season jettisoned the tax industry into a virtual arena, the 2023 season seems to indicate that contactless tax preparation has some staying power as tax professionals continue to adapt...
IRS Unveils Timetable for Completely Paperless Filing by 2025
The Internal Revenue Service says it has constructed a blueprint for its future called the Paperless Processing Initiative. The plans are aimed at eliminating up to 200 million pieces of paper every year, while cutting processing times in half and speeding up refunds...
Drake Software Hits the Road This Summer: Join Us at IRS Tax Forums and Trade shows!
Summer events for the tax industry are in full swing as professionals from around the country gather to share resources, insight, software, and tools for the 2024 filing season. The Drake Software team has enjoyed the time on the road and the opportunities to meet...
ETAAC Lays Out its 2023 Recommendations
A key Internal Revenue Service advisory committee has issued its recommendations for 2023, in an effort to keep the IRS - and Congress - on point with improvements to the nation’s income tax filing system. The Electronic Tax Administration Advisory Committee...
Calif. Disaster Victims Report Confusion Following IRS Notice
Weeks of record flooding and mountain snows brought on by an “atmospheric river" in California resulted in a federal disaster declaration from the Federal Emergency Management Agency (FEMA). While disaster victims received tax relief from filing and payment deadlines,...
Real Facts About Bogus Claims for the Employee Retention Credit
A new wave of advertising is churning up interest in a tax credit intended to help businesses and non-profits that tried to retain their employees during the COVID-19 pandemic. However, the ads on TV and radio, online, and even direct mail leave out a critical fact:...
Direct File Pilot to Debut Next Tax Season
The Internal Revenue Service is moving ahead with a program that will offer taxpayers a new option for filing their 2023 returns next year. Dubbed “Direct File,” a scaled-down version of the full program will allow taxpayers to file online for free, using an IRS-run...
Time Running Out to Claim Tax Year 2019 Refunds
The Internal Revenue Service says it has almost $1.5 billion in leftover tax refunds for 2019 taxpayers who haven’t filed—but the time remaining to claim this money is slipping away. According to the agency, as many as 1.5 million taxpayers could benefit from the...
Drake Software Wins 8 Categories in 2023 CPA Practice Advisor Readers’ Choice Awards
Every year, CPA Practice Advisor asks readers to vote on the technology—both software and hardware—they trust the most. Just one day before the individual filing deadline, the publication announced the results of its nineteenth annual Readers’ Choice Awards, which...
Tennessee Storm Victims Have Deadlines Moved to July 31
After severe thunderstorms and tornadoes raked parts of Tennessee on March 31, many of Volunteer State taxpayers could use a little good news. The Internal Revenue Service is doing its part, announcing tax relief for storm victims. The agency announced that taxpayers...
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