IRS News and Information April 8, 2009

Practitioner Email Group:

 

 The end of the filing season is getting closer!!! There is a light at the end of the tunnel! 

Please share with your members and colleagues.  Select the blue links to see the full article. If the link does not open, just cut and paste in your address window.

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Newsroom                                                                                   April  8,  2009

 

 

Issue Management Resolution System (IMRS) and Hot Topics

Catch up with the latest IMRS monthly overviews and hot issues.

http://www.irs.gov/businesses/small/article/0,,id=158507,00.html

 

Nine Common Errors Made on Tax Returns

IRS Tax Tip 2009-63 -Errors made on tax returns may delay the processing of your return and the arrival of your refund. Avoiding the common errors below will help ensure your refund arrives on time

http://www.irs.gov/newsroom/article/0,,id=108543,00.html

 

Qualified Transportation Fringe Benefits

Under the American Recovery and Reinvestment Act (ARRA), the monthly tax exclusion for employer-provided commuter highway vehicle transportation and transit pass benefits increased to $230, effective from March through December 2009.

http://www.irs.gov/newsroom/article/0,,id=205664,00.html 

 

Special Tax Break Available for New Car Purchases This Year

IR-2009-30, March 30, 2009 - The Internal Revenue Service announced today that taxpayers who buy a new passenger vehicle this year may be entitled to deduct state and local sales and excise taxes paid on the purchase on their 2009 tax returns next year.

http://www.irs.gov/newsroom/article/0,,id=205863,00.html

 

IRS Information Related to the American Recovery and Reinvestment Act of 2009

Key highlights of the ARRA 2009 are available on IRS.gov

http://www.irs.gov/newsroom/article/0,,id=204335,00.html?portlet=6,%20,%20http://www.irs.gov/pub/irs-pdf/f5405.pdf,%20http://www.irs.gov/pub/irs-pdf/f5405.pdf 

 

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Technical Guidance

 

Tax Provisions in the American Recovery and Reinvestment Act of 2009 (ARRA)

IR-2009-29, March 26, 2009 First $2,400 of Unemployment Benefits Tax Free for 2009 (3/26/2009)

http://www.irs.gov/newsroom/article/0,,id=205633,00.html

 

 

COBRA Subsidy Provisions of ARRA 2009  

 Additional information on Premium Assistance for COBRA Benefits may be found in Notice 2009-27, Premium Assistance for COBRA Benefits. The notice is in pdf.

 http://www.irs.gov/pub/irs-drop/n-09-27.pdf

 

 

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Events

 

NATIONAL PHONE FORUMS (http://www.irs.gov/businesses/small/article/0,,id=158856,00.html)

 

Tax Talk Today.TV (http://www.taxtalktoday.tv/ )

·         Specialty Taxes: Estate and Gift and Employment Taxes - Tuesday, May 12, 2009

 

IRS will no longer sponsor Tax Talk Today - The May 12, 2009 program will be the last live Tax Talk Today show.  Archived programs will be available online through Sept. 30, 2009.

 

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Quick Alerts

 

Subject: Form 8453 Reminder for Individual e-file Returns Auto forwarded by a Rule

 

Electronic Return Originators are reminded not to mail Tax Year 2008 Forms 8453, U.S. Individual Income Tax Transmittal for an IRS e-file Return, to Andover Submission Processing Center. Forms 8453 should be mailed to the Austin Submission Processing Center per the instructions on page 2 of Form 8453.

 

For your convenience, the mailing address is below.

 

Internal Revenue Service

Attn: Shipping and Receiving, 0254

Receipt and Control Branch

Austin, TX 73344-0254

 

  

I hope you find this information useful in your tax practice.  If you know someone who might want to subscribe to an IRS e-Subscription, please forward this message to them and they may go to the Subscription page on the IRS Web site to subscribe.

 

If you would like to discontinue receiving local Stakeholder Liaison e-mails, please e-mail  James.R.Kinsey@irs.gov  and request removal of your name.

 

Thank you,