Drake Software blog for tax pros, covering tax, IRS news, and more
Salaries, demand on the rise for U.S. accounting professionals Starting salaries for finance professionals in the United States continue to show signs of growth, and hiring demand for recent college…
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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 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…
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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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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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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...…
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...…
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...…
A new study by the National Taxpayer Advocate used confidential IRS data to show large clusters of potential tax cheats in these five metropolitan areas. The IRS uses the information to target taxpayers for audits....…
Tax-Exempt Organizations Must File with IRS By May 15A key deadline of May 15 is facing many tax-exempt organizations that are required by law to file annual reports with the Internal Revenue Service.…
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