Tax

President Barack Obama and First Lady Michelle Obama released their joint income tax return on Tax Day, April 15, reporting adjusted gross income of $5.5 million, not including his Nobel Peace Prize winnings.

BNA Tax & Accounting has introduced its first iPhone application, BNA Quick Tax Reference, an electronic version of the company’s Quick Tax Reference Guide.

Recent tax law changes continue to bedevil the Internal Revenue Service, according to a new government report on tax season.

The House Ways and Means Committee held a hearing Wednesday on ways to provide energy-related tax incentives to encourage more “green” jobs.

The Internal Revenue Service said that members of the military and certain civilians providing earthquake relief in Haiti have additional time to file their 2009 returns and pay any taxes due.

IBM has introduced software to help governments around the world collect delinquent tax debt.

Paychex has introduced a new Web page and online calculator to help businesses determine their tax savings if they take advantage of the recently passed HIRE Act to hire new employees.

Both the American Institute of CPAs and the American Bar Association Section of Taxation have urged Congress to correct the current state of federal estate, gift and generation-skipping transfer taxes.

With economic uncertainty still lingering, many Americans plan to use their tax refunds conservatively, according to a new survey.

Vertex has enhanced its corporate tax software, the Indirect Tax O Series, with extra features including better management of tax exemption certificates.