U.S. Government News

IRS: New Law Encourages Cash Donations for Midwest Disaster Relief

Tue, 25 Nov 2008 11:53:15 PST

Taxpayers who make qualifying cash contributions for disaster relief efforts in the Midwest could benefit from a recently passed law that suspends the percentage-of-income limits that would normally apply when taxpayers deduct the contributions on their 2008 federal tax returns.

IRS Seeks Applications for TE/GE Advisory Committee

Sat, 01 Nov 2008 11:00:44 PST

The Internal Revenue Service seeks applications for vacancies on the Advisory Committee on Tax Exempt and Government Entities (ACT), which provides the IRS with public comments regarding critical tax administration matters.

Avoiding Incorrect Self-Employed Retirement Deductions

Fri, 31 Oct 2008 06:44:00 PST

Retirement plans are not just for big businesses. They are also available for sole proprietorships. If you are self-employed small business owner, you can set up a qualified retirement plan for yourself and your employees.

IRS: 2008 IRPAC Report Made Available at Public Meeting

Wed, 29 Oct 2008 17:47:30 PST

The Information Reporting Program Advisory Committee (IRPAC) today released the advisory group’s recommendations on a wide range of tax administration issues.

IRS Seeks to Return $266 Million in Undeliverable Refunds And Economic Stimulus Payments to Taxpayers

Fri, 24 Oct 2008 08:37:08 PST

The Internal Revenue Service is looking for taxpayers who are missing more than 279,000 economic stimulus checks totaling about $163 million and more than 104,000 regular refund checks totaling about $103 million that were returned by the U.S. Postal Service due to mailing address errors.

IRS and GWU Host 21rst Annual International Tax Conference

Wed, 22 Oct 2008 11:41:04 PST

Senior law professors from The George Washington University Law School will join with officials from the Treasury Department , the IRS, a representative from the OECD and representatives of the tax authorities of foreign governments to discuss significant tax compliance and treaty issues at the 21rst Annual Institute on Current Issues in International Taxation.

IRS Announces Pension Plan Limitations for 2009

Fri, 17 Oct 2008 06:18:00 PST

The Internal Revenue Service today announced cost‑of‑living adjustments applicable to dollar limitations for pension plans and other items for tax year 2009.

IRS: 2009 Inflation Adjustments Widen Tax Brackets and Expand Tax Benefits

Thu, 16 Oct 2008 09:48:07 PST

For 2009, personal exemptions and standard deductions will rise and tax brackets will widen because of inflation adjustments announced today by the Internal Revenue Service.

Hurricane Grant Guidelines Now Available

Fri, 10 Oct 2008 12:38:09 PST

The Internal Revenue Service today released a notice designed to help eligible homeowners who received federal reimbursement grants stemming from Hurricanes Katrina, Rita or Wilma take advantage of a new tax provision.

IRS: Vehicles Certified as Qualified Advanced Lean-Burn Technology Vehicles

Fri, 10 Oct 2008 06:26:18 PST

The Internal Revenue Service has acknowledged the certifications by manufacturers that certain advanced lean-burn technology vehicles qualify for the alternative motor vehicle tax credit.

IRS: October 15 Deadline Approaches for Retirees and Disabled Veterans

Thu, 09 Oct 2008 12:33:39 PST

Only days remain until the Oct. 15 deadline for retirees and disabled veterans to file an income tax return that will allow them to receive an economic stimulus payment this year.

IRS Sends Compliance Questionnaires to 400 Colleges and Universities

Wed, 01 Oct 2008 13:26:58 PST

Approximately four hundred U.S. colleges and universities will begin receiving compliance questionnaires from the Internal Revenue Service in the next few days as part of the agency’s focused effort to study key areas in the tax-exempt community

Tax Scams - The Last Thing You Need

Fri, 26 Sep 2008 05:34:35 PST

Life is complex enough without con artists trying to separate you from your hard earned dollars. It can be very costly if you become a victim of a scam that trades on the image or the mission of the IRS.

IRS: October 15 Deadline Nears; Don’t Let Stimulus Payment Pass You by

Tue, 23 Sep 2008 22:26:22 PST

The Oct. 15 deadline to file a 2007 income tax return and to receive an economic stimulus payment this year is fast approaching.

IRS: October 15 Deadline Nears; Don’t Let Stimulus Payment Pass You by

Tue, 23 Sep 2008 22:26:22 PST

The Oct. 15 deadline to file a 2007 income tax return and to receive an economic stimulus payment this year is fast approaching.

Texas Hurricane Ike Victims Qualify for IRS Disaster Relief

Thu, 18 Sep 2008 13:15:37 PST

Texas taxpayers who were adversely affected by Hurricane Ikequalify for tax relief from the Internal Revenue Service, including the postponement of tax filing and payment deadlines until Jan. 5, 2009.

Tax Credit to Aid First-Time Homebuyers; Must Be Repaid Over 15 Years

Thu, 18 Sep 2008 13:13:02 PST

First-time homebuyers should begin planning now to take advantage of a new tax credit included in the recently enacted Housing and Economic Recovery Act of 2008.

IRS Settlement Announcement

Fri, 12 Sep 2008 10:04:54 PST

The Internal Revenue Service today announced that it has reached a settlement with Arnold & Porter LLP, which has paid a civil tax shelter promoter penalty.

IRS: People Can Avoid Common Errors that Delay Stimulus Payments

Thu, 11 Sep 2008 03:17:54 PST

People who are awaiting an economic stimulus payment or who have yet to file can avoid common errors that may delay their payment. They also can use the IRS Web site to answer most common questions.

IRS Hiring of Military Veterans Surpasses Goal

Thu, 04 Sep 2008 21:27:37 PST

WASHINGTON -- The Internal Revenue Service today announced that it has met its goal of hiring at least 1,000 military veterans this fiscal year, and the agency will continue to focus its recruitment efforts toward this important group.