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The Latest IRS News
Tips for End-of-the-Year Tax Planning

 Dec. 31 is the last day to make use of most recent tax law changes for 2008.

 

 

 

Latest News

IRS Speeds Lien Relief for Homeowners Trying to Refinance, Sell
IR-2008-141, Dec. 16, 2008 — The Internal Revenue Service today announced an expedited process that will make it easier for financially distressed homeowners to avoid having a federal tax lien block refinancing of mortgages or the sale of a home.

Retirement Plans for Public Schools and Exempt Organizations Get Extension on Time to Complete Written Plans
IR-2008-140, Dec. 11, 2008 — Certain retirement plans eligible from relief from the deadline for adopting a written plan.

Interest Rates Drop for the First Quarter of 2009
IR-2008-139, Dec. 10, 2008 – The IRS announced in Revenue Ruling 2008-54 that interest rates for the calendar quarter beginning Jan. 1, 2009 will drop by one percentage point.

IRS Offers Tips for Year-End Donations
IR-2008-138, Dec. 9, 2008 — Individuals and businesses making contributions to charity should keep in mind several important tax law provisions that have taken effect in recent years.

Remarks of Commissioner Douglas Shulman before the 21st Annual George Washington University International Tax Conference
IR-2008-137, Dec. 8, 2008 — Prepared Remarks of Douglas Shulman, Commissioner of Internal Revenue, before the 21st Annual George Washington University International Tax Conference

Stimulus Payments — What You Need to Know
News releases, questions and answers, scenarios and more, including special information for Social Security recipients and veterans.

Compliance & Enforcement News
A collection of recent news releases, statements and other items related to IRS compliance and enforcement efforts.

Alternative Motor Vehicle Credit
Feb. 2008 — Information on hybrid cars, including the certified car models and the amount of the tax credit or deduction for each. Frequently updated.

Tax Relief in Disaster Situations
Tax relief provisions for disaster situations.

Telephone Excise Tax Refund
The Telephone Excise Tax Refund (TETR) is a one-time payment available on your 2006 federal tax return. It is designed to refund previously collected long distance telephone taxes.

Katrina News Releases & Legal Guidance
A list of the news releases and legal guidance issued by the IRS related to Hurricane Katrina relief.

Commissioner's Comments, Statements and Remarks
Various topics including tax administration, the IRS budget and tax shelters.

2007 - 2008 Priority Guidance Plan