Drake Software blog for tax pros, covering tax, IRS news, and more
IRS Releases Inflation Adjustments For 2013The Internal Revenue Service has announced the annual inflation adjustments for tax year 2013, including the tax rate schedules, and other tax changes from…
Uncle Sam vs. The StarsLavish meals at the finest restaurants, high-dollar sports cars with all the bells and whistles, and extravagant homes in high-scale neighborhoods – these are things celebrities…
Tax Preparers and Identity TheftIt is a form of crime unique to the 21st Century, as the massive collection of data from consumers and a lack of sophisticated computer security measures combine to…
Tax Reform is once more on the agenda for Congress. But Robert Samuelson, columnist for the Washington Post, says that any real reform is unlikely...…
IRS Releases Criminal Report for 2012The IRS Criminal Investigation (CI) unit has released its Annual Report for fiscal 2012 (see …
Estimates are that underground activity last year totaled as much as $2 trillion, according to a study by Edgar Feige, an economist at the University of Wisconsin-Madison. That's double the amount in 2009, according to a study by...…
“I’ve got no patience for it,” he said. “I will not tolerate it.” That was the response of President Barack Obama, who says he learned that Internal Revenue Service employees targeted conservative groups for audits from news reports last week.…
IRS Questions and Answers on 501(c) Organizations[Editor’s note: The questions currently swirling throughout the Treasury Department and the IRS represent a complicated issue whose outcome is not…
IRS Employees Plan for Furlough While most Americans are planning for Memorial Day – and may skip work on Friday, May 24, to get an early start on the holiday – the employees of the Internal Revenue…
Now that it is all over but the paying and the weeping, it may be appropriate to consider how truly absurd the tax laws in the United States have become...…
