National Taxpayer Advocate Nina E. Olson announced today that the 2009 Low Income Taxpayer Clinic (LITC) grant application process is now open.

Assistant federal Treasurer Chris Bowen says the Australian Taxation Office has sent out about $75 million in tax bills as part of an effort to make sure criminals are paying their fair share of tax.

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

Unclaimed refunds totaling approximately $1.2 billion are awaiting about 1.3 million people who failed to file a federal income tax return for 2004, the Internal Revenue Service announced today. However, to collect the money, a return for 2004 must be filed with an IRS office no later than Tuesday, April 15, 2008.

Hong Kong has cut taxes after posting a record budget surplus and Malaysia Airlines is back in the black, posting a record profit for 2007. Claudia Blume in Hong Kong has more on these and other business stories from Asia.

Governor Sanford of South Carolina Calls for Income Tax Rate Cut of 50 Percent. He proposes optional flat tax to be offset by cigarette tax increase.

In most cases, taxpayers will not have to do anything extra to get the tax rebate payments. Eligible Taxpayers Must File a 2007 Tax Return to Receive Rebate.

Taxpayers can now file five affected forms as the Internal Revenue Service is now processing five tax forms affected by legislation involving the Alternative Minimum Tax (AMT).

An economic stimulus plan expected to be signed this week by President Bush will provide most Americans with rebates of $300, $600 or $1,200 in 2008, plus $300 for each child, depending on their filing status, income and net tax liability.

Although the Economic Stimulus Act of 2008 is best (and most expensively) known for providing tax rebates for lower and middle income persons, businesses also received some tax benefits in terms of accelerated write-offs for new equipment purchases. Here are the details.

A committee of the Florida Taxation and Budget Reform Commission on Thursday gave first approval to a plan (CP 0002) that would mandate taxation of goods and services to buy down school property taxes, despite strong opposition from business groups concerned the measure would jeopardize Florida’s ability to compete for new business and industry.

In his State of The State speech New York City Mayor Michael Bloomberg said the administration will continue tax relief with a $400 property tax rebate to all homeowners. The media is reporting that the President Bush is also favoring Tax Rebate as a way to give the U.S. Economy the much needed stimulus.