According to the tax returns made public by Hillary Clinton, she made $109 million since leaving the white house in 2000.

Duke Law students again this year will prepare tax returns at no cost to Durham residents who earned less than $35,000 last year.

Barack Obama, who presently is on vacation in Virgin Islands with his family, released the tax returns of his family for the last six years on Tuesday. The Democratic presidential candidate urges that his rival Sen. Hillary Clinton do the same and make her tax returns public record as well.

The IRS has posted a schedule indicating when tax payers, if eligible, will receive their tax payments. Keep in mind that these are estimates and the IRS could very well not meet this schedule. The schedule is based on the final two digits of your Social Security number. If you file jointly, use the last two digits of the primary filer’s Social Security number.

The Internal Revenue Service announced the launch of a simple electronic tax filing system that small tax-exempt organizations may use to comply with a new law requiring them to file an annual return.

Agricultural industry taxpayers, farmers and fishermen, who electronically file Form 1040 returns with Form 4136, Credit for Federal Tax Paid on Fuels, must wait until March 3 to e-file the newly-revised Form 4136.

After reviewing the fourth quarter 2007 sales of American Honda Motor Company, Inc., the Internal Revenue Service announced that purchasers of qualifying Honda vehicles may continue to claim the Alternative Motor Vehicle Credit. Given the number of vehicles sold, the phase out period for Honda vehicles began on Jan. 1, 2008.

In addition to providing stimulus payments to individuals, the Economic Stimulus Act of 2008 provides incentives to businesses. These incentives include a special 50-percent depreciation allowance for 2008 purchases and an increase in the small business expensing limitation for tax years beginning in 2008.

IRS Provides New Details for Recipients of Social Security, Veterans Benefits and More Information on Stimulus Payments.

The IRS is seeking candidates for membership on the Electronic Tax Administration Advisory Committee (ETAAC). All applicants should submit a resume and complete an application form for the fall vacancies. In addition, the IRS will require a federal tax check waiver and a Federal Bureau of Investigation (FBI) check of the best qualified applicants. The deadline for submitting applications is Tuesday, April 1, 2008.

Germany says it is prepared to share information on tax evaders which has come to light via details of a bank in Liechtenstein. German media report that Scandinavian countries have already shown interest in the tax evasion list information. The Netherlands expects to receive a list of names of tax-evasion suspects from the same source.

Claim Relief on Newly-Revised IRS Form. Homeowners whose mortgage debt was partly or entirely forgiven during 2007 may be able to claim special tax relief by filling out newly-revised Form 982 and attaching it to their 2007 federal income tax return, according to the Internal Revenue Service.