Drake Software blog for tax pros, covering tax, IRS news, and more
Report: Budget Cuts Hurt Tax Collections by IRS Collections from delinquent taxpayers dropped for the second straight year in 2012, due in part to budget cuts at the Internal Revenue Service, the…
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IRS officials thought Obama wanted crackdown on tea party groups, worried about negative press The Washington Times reports today that IRS employees were “acutely” aware in 2010 that President Obama…
Accounting Today Chooses Best Firms to Work For in 2013 Accounting Today magazine has released its annual list of the Best Firms to Work For in 2013. The annual list of the Best Accounting Firms to…
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Another Scandal Erupts at the IRS At the same time the IRS harassed Republican nonprofit groups during the 2012 political campaign, it selectively advised black churches and other Democrat nonprofits…
IRS Ruling May Take Gratuities Off The MenuThe practice of automatically adding tips to bills for big groups -- often tables of six to eight people or more -- could quietly disappear following an IRS…
Treasury and IRS Propose Rules for Affordable Care Act Information Reporting The Treasury Department and the Internal Revenue Service have issued proposed regulations to implement the information…
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Same-Sex Married Couples See New State-Law Tax ComplexityFiling taxes remains a complex issue for married people of the same sex, according to Bloomberg News. The IRS’s decision last month to…
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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…
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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…
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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…
