A taxpayer who wants the IRS to figure his or her recovery rebate credit enter the letters "RRC" on the tax return.)

Congress has approved new economic stimulus legislation, the American Recovery and Reinvestment Act of 2009. The IRS is working closely with Congress and the administration on the stimulus legislation and will implement tax-related provisions of the new program as quickly as possible.

Time for a Washington, D.C. Tax Full Monty: Disclosure of Public Officials' Tax Returns. Joseph J. Thorndike (Contributing Editor, Tax Analysts) has published The Thorndike Challenge, 122 Tax Notes 691 (Feb. 9, 2009):

First Geithner, now Daschle. Why can't Obama's people pay their taxes?! Tom Daschle apparently forgot to pay for his driver and car which cost 128,000 dollars. Apparently Daschle corrected the error and paid the fees on January 2nd. But this brings up a question, do we want people running this country who can't remember to pay what they owe in taxes!

With the coming of the tax filing season consumers turn to various free tax filing software programs to easily file their taxes online. Turbo Tax is capitalizing on this consumer trend by introducing Get Help from a Pro free tax filing Q&A.

Bloomberg reports that Hillary Clinton Writes Off $13.2 Million Loan to Campaign, by Jonathan D. Salant.

As the United States awaits to see how President-elect Obama implements his campaign promise to increase the tax burden on those earning more than $250,000 per year, KPMG has released a new study (Individual Income Tax Rate Survey 2008) documenting a downward trend in the highest tax rates in 87 countries over the past six years, from 31.3% in 2003 to 28.8% in 2008:

Taxcut.com offers helpful tips to check the facts on tax return and tax policies. Currently the tax policies of John McCain and Barack Obama are the focus of public attention. Here is the current situation on some tax facts provided by IRS through taxcut.com.

April 15 is the deadline for filing a federal tax return. But not everybody can meet that deadline. If you need more time to get your paperwork in, make sure you file a Form 4868, Automatic Extension of Time to File, with the IRS by the April 15 deadline and you'll get an automatic six-month extension of time to file.

Remember last year's fiasco when TurboTax users flooded Intuit's e-filing servers at the last minute? The surge of data caused overtaxed (pun intended) servers, which meant that transactions that should take minutes took hours. Fortunately, the IRS waived penalties for users, and Intuit even refunded e-filing charges for affected users.

The 2008 federal "Tax Day" is Tuesday, April 15, prompting procrastinators to cram in order to make the tax deadline. However, taxpayers can file IRS extension forms before tax deadline.

The Internal Revenue Service today urged taxpayers eligible for the economic stimulus payment to file their tax return now in order to get their payment in a timely manner.