Form 8300 to Shift to Electronic Filing Platform

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, e-filed starting in 2024, in an effort to avoid backlogs that the old paper forms presented while speeding up processing...
News for Tax Professionals

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 moment’s notice. Staying informed, thus, is not just a preference – it’s a necessity. Clients rely upon your expertise...
Hawaii Wildfire Victims Get Tax Relief from IRS

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 thing to worry about.  The agency has launched its tax relief package for victims in Maui and Hawaii counties that...
Drake Ranked Excellent in All Categories of 2023 NATP Survey

Drake Ranked Excellent in All Categories of 2023 NATP Survey

The 2023 Software Survey conducted by the National Association of Tax Professionals (NATP) unveils insightful findings regarding tax professionals’ experiences with their chosen tax preparation software. Covering attributes ranging from reliability to customer...
2023 Contactless Tax Preparation [Infographic]

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...