Drake Software blog for tax pros, covering tax, IRS news, and more
The Income Tax Turns 100 Call it a case of selective memory for poor old Uncle Sam, says USA Today. Last month, the U.S. Labor Department launched a website commemorating its centennial, capping…
IRS Business Protection Act The IRS got another ignominious turn in the spotlight last week as the agency battled mom-and-pop tax preparers in the D.C. Circuit Court of Appeals, the Wall Street…
IRS Updates Special Per Diem Rates for 2013–2014 Travel Expenses Last week, the IRS issued its annual update of special per diem rates for use in substantiating certain business expenses taxpayers…
Read more about IRS Updates Special Per Diem Rates for 2013–2014 Travel Expenses
A New Look For Ben FranklinCNN Money notes that today is the day the new $100 bill is introduced, some two years after its scheduled debut. The bill was originally due to reach banks in 2011. But…
Criticism Mounts over New Accounting Rules for Leases Companies are pushing back against a proposed overhaul of accounting rules for leases that could add hundreds of billions of dollars in debt to…
Read more about Criticism Mounts over New Accounting Rules for Leases
Webinar Offerings For CPE Credit in OctoberBy Christine Reynolds Each year, Drake Software offers an expansive schedule of training programs and webinars designed to help our customers keep pace with…
Treasury Inspector General: Crack Down on Tax Preparers The Treasury Inspector General for Tax Administration (TIGTA) says the IRS has to do a better job of policing paid tax return preparers. And…
Read more about Treasury Inspector General: Crack Down on Tax Preparers
Finance Career Track Changing Dramatically The classic career path from staff accountant to Chief Financial Officer (CFO) is coming to an end, according to a new report from the Association of…
New York State Proposes to Regulate Tax Return Preparers Stepping into the void left when a federal court threw out the IRS’s registered tax return preparer program, the New York State Department of…
Read more about New York State Proposes to Regulate Tax Return Preparers
IRS Rides 1884 'dead horse' Law to Defense of Tax Preparer Rules WASHINGTON (Reuters) - The Obama administration defended its effort to regulate the tax return preparation business for the first time…
Read more about IRS Rides 1884 'dead horse' Law to Defense of Tax Preparer Rules
