Tax

CCH, a Wolters Kluwer business, has released two new mobile tax information apps for iPhone, iPad, and Android devices -- CCH Applicable Federal Rates 2012 and CCH Tax Rates and Tables 2012 -- adding to its line of mobile applications.

President Barack Obama urged middle-class families who are in danger of seeing their taxes go up next year to begin using Twitter and other forms of communication to urge lawmakers to extend tax cuts for the middle class.

New River Innovation has enhanced its Beyond415 Guidance product, a Web-based research center for resolving issues after tax filing, with key features including searchable guidance covering individual, business, and payroll areas of IRS practice and procedure.

A group of business trade associations have sent a letter to Congress urging lawmakers to reject President Obama’s call for higher marginal tax rates on main street employers.

Tax Preparer Solutions, a provider of online income tax filing solutions, has launched two software products: Preparer Direct and the TPS White Label Platform, both designed to let distribution partners to provide consumer tax preparation and filing services to customers.

Billionaire investor Warren Buffett has revived his calls for increased taxes on the wealthy in the op-ed pages of The New York Times.

A new White House report from the President’s Council of Economic Advisers predicts that allowing tax rates for the middle class to rise and failing to patch the alternative minimum tax would have a negative impact on consumer spending and retailers alike.

Small tax-exempt organizations that have not filed returns with the Internal Revenue Service for three years will not automatically lose their tax-exempt status if they were affected by Hurricane Sandy.

Grant Thornton is offer some year-end tax planning tips for both individuals and businesses, and their accountants, facing the expiration of the Bush tax cuts.

The Internal Revenue Service has raised the standard mileage rates by 1 cent per mile for next year when calculating the deductible costs of operating an automobile for business, charitable, medical or moving purposes.