| 10.19.09 |
|
Prepared Remarks of IRS Commissioner Doug Shulman before the NACD Governance Conference |
| |
|
I realize that the IRS Commissioner has not customarily addressed the NACD’s corporate governance conference…but what I want to discuss with you this afternoon is the important role that boards of directors can play in overseeing tax risk and tax strategies of corporations. After all, taxes are one of the biggest expenses of a corporation, so how they are managed is very important to most corporations. |
| 10.14.09 |
|
New Video Series Helps Exempt Organizations Understand Redesigned Form 990 Requirements |
| |
|
The Internal Revenue Service has launched a new case study and video program to help exempt organizations and their tax preparers better understand the newly revised Form 990 series which must be filed for the 2008 tax year. |
| 10.13.09 |
|
New IRS Retirement Plan Navigator Aims to Help Small Businesses |
| |
|
The Internal Revenue Service has created a new Web-based tool to help small business owners determine which tax-favored pension plan best suits their needs and how to keep their plans in compliance. |
| 10.09.09 |
|
IRS and GWU Host 22nd Annual International Tax Conferences |
| |
|
Senior law professors from the George Washington University Law School will join with officials from the Treasury Department, the Internal Revenue Service and representatives of the tax authorities of foreign governments to discuss significant tax compliance and treaty issues at the 22nd Annual Institute on Current Issues in International Taxation. |
| 10.08.09 |
|
Oct. 17 is Last Day for Businesses to Request Tax Credit Certification for Some New Hire |
| |
|
Businesses planning to claim the recently-expanded work opportunity tax credit for eligible unemployed veterans and disconnected youth hired before mid-September now have until Oct. 17 to request the certification required for these workers, according to the Internal Revenue Service. |
| 10.07.09 |
|
Special Sales Tax Deduction for Car Purchases Available through End of 2009 |
| |
|
With 2010 models arriving in dealer showrooms, the Internal Revenue Service reminds taxpayers that purchasing a new car, light truck, motor home or motorcycle could qualify them for a special deduction for the state and local sales and excise taxes on their 2009 tax returns. |
| 10.01.09 |
|
Taxpayers Have Until Oct. 15 to File Extended 2008 Tax Returns; Offshore Voluntary Disclosures Also Due |
| |
|
The Oct. 15 deadline is fast approaching for millions of taxpayers who requested a six-month extension to file their 2008 tax returns.It’s also the deadline for special voluntary disclosures by taxpayers with assets in previously undisclosed offshore financial accounts. |
| 4.03.09 |
|
Making Work Pay Credit |
| |
|
The American Recovery and Reinvestment Act of 2009 includes the Making Work Pay credit. The Making Work Pay credit allows a credit against income tax in an amount equal to the lesser of 6.2 percent of the individual’s earned income or $400 ($800 for married couples filing jointly). |
| 3.18.09 |
|
First-Time Homebuyers Have Several Options to Maximize New Tax Credit |
| |
|
As part of the Treasury Department’s consumer outreach effort and with the April 15 individual tax filing deadline approaching, the Internal Revenue Service today began a concerted effort to educate taxpayers about additional options at their disposal to claim the new $8,000 first-time homebuyer credit for 2009 home purchases. |
| 3.16.09 |
|
New Law Extends Net Operating Loss Carryback for Small Businesses; IRS To Ensure Refunds Paid Timely |
| |
|
The Internal Revenue Service announced today that small businesses with deductions exceeding their income in 2008 can use a new net operating loss tax provision to get a refund of taxes paid in prior years. |
| 3.16.09 |
|
IRS, Partners Mark Super Saturday March 21 to Help Taxpayers |
| |
|
The Internal Revenue Service and scores of its community partners will open their doors on Saturday, March 21, to help people who need free tax preparation, a question answered or a payment schedule arranged. |
| 3.13.09 |
|
IRS Eliminates Inserts Related to Business Mailing |
| |
|
In an effort to improve its communications with taxpayers, the Internal Revenue Service will eliminate the nearly dozen inserts that go into a notice informing businesses that they owe additional tax. |
| 3.13.09 |
|
Filing Tax Returns from Home Computers Up 20 Percent in 2009 |
| |
|
Taxpayers are e-filing their Federal income tax returns from their home computers in record numbers this year the IRS announced today. As of March 6, more than 18 million income tax returns were filed from home computers, up 20 percent compared to the same time last year. |
| 3.2.09 |
|
IRS Has $1.3 Billion for People Who Have Not Filed a 2005 Tax Return |
| |
|
Unclaimed refunds totaling approximately $1.3 billion are awaiting over a million people who did not file a federal income tax return for 2005, the Internal Revenue Service announced today. However, to collect the money, a return for 2005 must be filed with the IRS no later than Tuesday, April 15, 2009. |
| 2.26.09 |
|
IRS Releases Information to Help Employers Claim COBRA Medical Coverage Credit on Payroll Tax Form |
|
|
The Internal Revenue Service today released new detailed information that will help employers claim credit for the COBRA medical premiums they pay for their former employees. |
| 2.14.09 |
|
Expanded Tax Break Available for 2009 First-Time Homebuyers |
| |
|
The Internal Revenue Service announced today that taxpayers who qualify for the first-time homebuyer credit and purchase a home this year before Dec. 1 have a special option available for claiming the tax credit either on their 2008 tax returns due April 15 or on their 2009 tax returns next year. |
| 2.21.09 |
|
New Withholding Tables Now Available on IRS.gov; Most Workers Will See Bigger Paychecks this Spring |
| |
|
The Internal Revenue Service today released new withholding tables that will result in more take-home pay this spring for millions of American workers. |
| 2.02.09 |
|
IRS Seeks Members for Electronic Tax Administration Advisory Committee |
| |
|
The Internal Revenue Service is accepting applications to fill vacancies on the Electronic Tax Administration Advisory Committee. The committee members provide the IRS with constructive observations about current or proposed policies, programs and procedures in electronic tax administration. |
| 01.30.09 |
|
For Many Investors, Year-End Forms to Arrive Later |
|
|
Many investors will receive their year-end tax statements later than in past years, but these forms are likely to be more accurate, according to the Internal Revenue Service. |
| 01.30.09 |
|
IRS Offers Tips to Avoid Recovery Rebate Credit Confusion |
| |
|
In response to errors showing up on early tax filings, the Internal Revenue Service today urged taxpayers and tax preparers to make sure they properly determine eligibility for the recovery rebate credit before they file their 2008 federal tax returns. |
| 01.30.09 |
|
Free Tax Help Available Nationwide |
| |
|
Nearly 12,000 free tax preparation sites will be open nationwide this year as the Internal Revenue Service continues to expand its partnerships with nonprofit and community organizations performing vital tax preparation services for low-income and elderly taxpayers. |
| 01.30.09 |
|
IRS and Partners Mark EITC Awareness Day with Nationwide Events; EITC Could Mean Bigger Refunds for Millions of Taxpayers |
| |
|
The Internal Revenue Service and community partners nationwide today kicked off EITC Awareness Day to promote a tax credit that could be a critical financial lifeline to many Americans this year. |
| 01.21.09 |
|
Taxpayers in Four States File with Different Centers this Year |
| 01.15.09 |
|
IRS and Telemundo Will Host Tax Information Program for Spanish-Speaking Taxpayers |
| 01.14.09 |
|
E-File Opens for 2009 With New Features to Expand Taxpayer Access, Help Speed Refunds |
| 01.13.09 |
|
Daily IRS Tax Tips Available For 2009 Filing Season |
| 01.07.09 |
|
National Taxpayer Advocate Urges Tax Simplification and Compassionate Treatment of Taxpayers Hit by Recession |
| 01.06.09 |
|
IRS Begins Tax Season 2009 with Steps to Help Financially Distressed Taxpayers; Promotes Credits, e-File Options |
| 01.05.09 |
|
IRS Announces New Advisory Council Members |
| |
|
|
