Drake Software blog for tax pros, covering tax, IRS news, and more
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…
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…
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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…
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