Drake Professional Tax Software has maintained a reputable position in the professional tax preparation industry for several years. The company was established in 1977, with its headquarters in Franklin, North Carolina. We highlighted some of Drake’s popular features below. Before making any commitment we highly recommend you download a Drake demo to experience the interface… Read more »
Posts Tagged: tax pros
Sigma Tax Pro gives information provided by the IRS on proposed foreign tax credit regulations
In light of the the Tax Cuts and Jobs Act passed last December, the IRS has issued proposed regulations for both businesses and individuals in regards to foreign tax credits. The TCJA includes several significant changes on how the government taxes foreign activities. The proposed regulation issued earlier this week includes information and rules to… Read more »
Sigma Tax Pro provides information offered by the IRS on guidance for income tax withholding
After deciding to delay changes to Form W-4 until 2020, the Internal Revenue Service released Notice 2018-92, which offers interim guidance on income tax withholding for 2019. The IRS did release a draft version of a new Form W-4 earlier this year, however it was received with heavy criticism from accountants and professional tax preparers… Read more »
Sigma Tax Pro provides information offered by the IRS on eligibility for business expense deductions for business-related meals
Earlier this month, the IRS gave guidance to businesses planning to deduct expenses for meals and entertainment which was at first thought to be eliminated by the Tax Cuts and Jobs Act. Tax professionals may have originally understood this to mean the elimination of any business expense deductions that would be considered to be entertainment,… Read more »
Sigma Tax Pro provides information on tax relief offered by the IRS to victims of Hurricane Florence
Areas designated by the Federal Emergency Management Agency for individual assistance because of Hurricane Florence have been granted relief by the IRS to file tax returns and make certain tax payments. The IRS has granted an extension to taxpayers in these affected areas until January 31st, 2019. This extension applies to parts of North Carolina… Read more »
