White Cream Cheese Frosting

1 lb. cream cheese, at room temp.
3 sticks unsalted butter, at room temp.
1 tsp. vanilla extract
1/2 tsp. almond extract
1 1/2 lbs. powdered sugar, sifted

In the bowl of an electric mixer, fitted with the paddle attachment, on low speed, cream together the cream cheese, butter, vanilla extract, and almond extract. Add the powdered sugar and mix until smooth.

This is taken from Ina Garten's The Barefoot Contessa Cookbook.

Variations I've tried:

Orange Icing

Replace 1/2 tsp. almond extract with 1 tsp. orange extract. Add red and yellow food coloring to turn icing orange if desired.