Tax Blog
The latest tax tips and news from TallyPage Accounting and Bookkeeping
Clean Vehicle Credit Guidance Revises Classifications
As part of the Inflation Reduction Act of 2022, lawmakers made changes to the Clean Vehicle Credit that were meant to encourage the purchase of U.S.-made electric and fuel cell vehicles. Unfortunately, the criteria for qualifying vehicles has proven confusing for some...
California Storm Victims Get Tax Relief
Californians have been battered by torrential rains and flooding from a recent series of storms. To help victims recover, the Internal Revenue Service recently announced tax relief for federally declared disaster areas in the state. Which California counties are...
2023 Filing Season Begins January 23
The wait is over for tax professionals eager to learn when the 2023 filing season will begin. Today, the Internal Revenue Service revealed they will start accepting and processing individual returns on January 23, 2023. The federal tax agency reassures that the...
IRS Addresses Final Assembly, MSRP Requirements for Clean Vehicle Credit
High gas prices have understandably made plug-in electric and fuel cell vehicles more attractive in recent years. While a provision in the Inflation Reduction Act of 2022 is designed to make the switch less of a financial burden, there is confusion surrounding some of...
IRS Pushes for More Phone Support, Hires 4,000 Customer Service Reps
After the 2022 tax season found the Internal Revenue Service spread thinner than ever before, the agency is taking steps to ensure that the first few months of 2023 go far more smoothly. How is the IRS working to get ahead of staffing issues in the upcoming tax...
Drake Tax Feature Spotlight: The Backup and Restore Tool
In this series, learn about a few popular Drake Tax features and navigation tools that help you save time and stay productive. Loss of taxpayer information during the filing process due to technical difficulties is a sure way to fast-track frustration...
Security Summit Previews National Tax Security Awareness Week 2022
Don’t forget to protect your data during the holiday season (or ever) Thanksgiving traditions are not one size fits all. Whether roasting turkey or preparing something completely different, families put their unique spin on the holiday. The Security Summit celebrates...
IRS Disaster Relief in 2022
Victims receive extended deadlines, deferred taxes, and more When disaster strikes, the government’s disaster-declaration process can help victims recover from financial losses. Governors in affected states submit a major disaster area request to the president through...
Non-Filers Can Still Benefit from Several 2021 Credits
The IRS is spreading the word The Internal Revenue Service estimates over 9 million people who failed to file a tax year 2021 return could qualify for tax credits. This is not the first time the IRS has notified non-filers that they could be eligible for tax credits:...
Storm Victims in North Carolina and South Carolina Get Tax Relief
New filing deadlines for more Hurricane Ian victims The Internal Revenue Service this week announced tax relief for victims of Hurricane Ian who reside or operate a business anywhere in North Carolina and South Carolina. Like relief granted to storm victims in...
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