Drake Software blog for tax pros, covering tax, IRS news, and more
IRS Committed To Online Services (OLS) InitiativeBy James StorkVP of Education, Drake Software Look for the Internal Revenue Service to continue to expand its use of online services to meet the…
Read more about IRS Committed To Online Services (OLS) Initiative
AICPA Asks Congress to Sufficiently Fund IRS The American Institute of CPAs is urging Congress to provide the Internal Revenue Service with “sufficient” funds to perform its duties, Accounting Today…
Read more about AICPA Asks Congress to Sufficiently Fund IRS
Internet Tax Ban Introduced in House The Hill newspaper reports that a bipartisan group of House lawmakers introduced legislation to permanently ban state and local taxes on Internet service. The…
Microsoft Loses Trademark Fight Over “Skydrive”Microsoft has lost its battle over the name “Skydrive” to British Sky Broadcasting Group plc (Sky) and will have to change the name of its cloud storage…
Read more about Microsoft Loses Trademark Fight Over “Skydrive”
Building Support for Tax ReformThe country’s top tax writers were in Memphis for the fourth instalment of their national tour seeking to boost support for tax reform, The Hill newspaper reports.…
Timing of Profits Spurs Debate on Accounting in IRS CodeFor companies concerned about changes to the US tax code, the issue may not be how much money they make but when they make…
Read more about Timing of Profits Spurs Debate on Accounting in IRS Code
Businesses Face October 1 “Obamacare” Deadline Accounting Today notes that employers must notify business clients of new disclosure requirements that must be met by October 1. The common perception…
Read more about Businesses Face October 1 “Obamacare” Deadline
Looming Fiscal Fights Threaten IRS ProbesRepublicans on Capitol Hill are acknowledging that the fall’s looming fiscal fights could peel attention away from their investigation into the IRS’s singling…
IRS Wraps Up 2013 Tax Forums in San Diego The Internal revenue Service wraps up its series of six tax forums in San Diego on September 17-19 with a sold-out event. The IRS Tax Forums offer three days…
More Americans Paying Income Taxes The percentage of Americans who pay no federal income tax is falling, thanks to an improving economy and the expiration of temporary Great Recession-era tax cuts. In…
