2012 Tax Season

Tax

A Few Nuggets Found in Obama and Biden Tax Returns

Just before the April 15 due date, the White House released the 2012 federal income tax returns for President Obama and Vice President Biden. Both the POTUS and the Veep filed joint returns with their respective spouses. Overall, there were just a few mild surprises.
Tax

MLB Free Agents Scramble to Minimize Tax Hit

With the election behind us and a strong probability of more tax hikes ahead, Major League Baseball free agents have rushed to the negotiating table in the hope of pulling as much of their future income as possible into 2012.
Community News

AccountingWEB Readers Find Time Management a Challenge

Few readers think time management is their strong suit, with the vast majority of respondents to a recent survey – 87.3 percent – saying they're either "OK, not great" at it or "could use some improvement." It's no wonder. During tax season, most accountants feel the tensions of too much work and too little time.
Tax

IRS Releases "Extra Points" about 2011 Tax Returns

The Internal Revenue Service (IRS) has kicked off the 2012 tax return season with a series of five new Fact Sheets that were released the first week of January. In them, the IRS discusses recent changes, improvements, free services, and more that are relevant to both taxpayers and practitioners.

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