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Last Updated: Nov 25th, 2007 - 10:09:00 |
IRS Tax Tips
IRS Formalizes Appeals Arbitration Process
The Internal Revenue Service announced today that the Appeals arbitration process is no longer a pilot program but part of business as usual at the IRS. In arbitration the IRS and the taxpayer agree to have a third party make a decision about a factual issue that will be binding on both of them.
Oct 19, 2006, 20:13
IRS Tax Tips
IRS Provides Limited Tax Relief for Hawaii Earthquake Victims
The Internal Revenue Service today announced limited tax relief for taxpayers in Hawaii affected by the earthquake on Oct. 15, 2006.
Oct 19, 2006, 08:11
IRS Tax Tips
Treasury and IRS Update Rules on Exchanges for Annuities
The Department of the Treasury and the Internal Revenue Service today issued proposed regulations that would address the tax treatment of an exchange of property for an annuity contract. The proposed regulations would apply the same rule to exchanges for both private annuities and commercial annuities.
Oct 17, 2006, 16:02
IRS Tax Tips
IRS Announces Online Payment Agreement Application
Many individuals who owe delinquent federal income taxes will now be able to apply online for a payment agreement, the IRS announced today. The Online Payment Agreement (OPA) application, now available on IRS.gov, provides an easy way to voluntarily resolve tax liabilities.
Oct 17, 2006, 09:31
IRS Tax Tips
IRS Grants Limited Tax Relief for Victims of Snowstorm in New York
WASHINGTON — The Internal Revenue Service today announced limited tax relief for taxpayers in four New York counties that were struck by snowstorms beginning Oct. 12, 2006.
Oct 17, 2006, 06:29
IRS Tax Tips
Update:Tax Clearance Certificate Requirement Eliminated
On September 29, 2006, the Governor signed Assembly Bill 2341 eliminating the need for a tax clearance certificate.
Affected entities:
- Corporations,
- Limited liability companies (LLC),
- Limited liability partnerships (LLP),
- Limited partnerships, and
- Not-for-profit corporations and exempt entities.
Oct 6, 2006, 09:09
IRS Tax Tips
IRS Seeks Enrolled Agents - Testing Begins October 5th
The Internal Revenue Service announced today that the new version of the 2006 IRS Special Enrollment Examination (SEE) is ready. The test, required for those who want to become Enrolled Agents, has been substantially revised and is being offered more often and in more places than in the past. The first testing window begins October 5, 2006.
Oct 4, 2006, 07:02
IRS Tax Tips
Additional Toyota and Lexus Vehicles Certified for the Energy Tax Credit
WASHINGTON — The Internal Revenue Service acknowledged the certification by Toyota Motor Sales U.S.A., Inc., that several of their hybrid Model Year 2007 vehicles qualify for the hybrid tax credit enacted by the Energy Policy Act of 2005.
Oct 2, 2006, 08:14
IRS Tax Tips
IRS Announcement: Active-Duty Reservists Get Relief on Retirement Plan Payments: Refunds of 10-Percent Tax Available Back to 2001, New Law Says
Military reservists called to active duty can receive payments from their individual retirement accounts, 401(k) plans and 403(b) tax-sheltered annuities, without having to pay the early-distribution tax, according to the Internal Revenue Service.
Sep 28, 2006, 08:25
IRS Tax Tips
IRS Reminds Katrina Victims of Oct. 16 Filing Deadline
The Internal Revenue Service reminds affected taxpayers from the areas of Louisiana, Mississippi and Alabama most severely damaged by Hurricane Katrina that the deadline for filing tax year 2004 and 2005 individual income tax returns is Oct. 16, 2006.
Sep 27, 2006, 09:19
