Tax

Congressional Republicans dug in to fight President Barack Obama’s plan to skirt the fiscal cliff, rejecting his tax-and-spending proposal as the president heads out today to sell it to the American public.

The Income Tax School has launched a Web site of more than 70 tax courses and products, plus many free resources for tax professionals. ITS said the move was in response to the new IRS regulations for tax preparers and the corresponding growing demand for tax education.

Two lucky winners in Arizona and Missouri will be able to claim the record-shattering $580 million Powerball jackpot after Wednesday night’s drawing, but they will also face taxes and need financial advice.

Last week I moderated an Accounting Today Web Seminar on Tax Office Workflow.

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.