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Newsroom May 1, 2009
Energy-Saving Steps This Year May Result in Tax Savings Next Year
IR-2009-44, April 22, 2009 — The Internal Revenue Service today reminded individual and business taxpayers that many energy-saving steps taken this year may result in bigger tax savings next year.
IRS Seeks Nominations for Information Reporting Program Advisory Committee
IR-2009-34, April 6, 2009 The IRS is requesting membership nominations for the Information Reporting Program Advisory Committee. The deadline for submitting applications is May 29, 2009
http://www.irs.gov/newsroom/article/0,,id=206127,00.html
Tax Practitioner Video and Audio Presentations
http://www.irs.gov/businesses/small/article/0,,id=201106,00.html
E-file Hits Record 90 Million; 30 Million Filed From Home Computers
IR-2009-46, April 29, 2009 — More than 90 million tax returns have been e-filed this year. [This release includes the tax filing season statistics for the week ending April 24, 2009.]
http://www.irs.gov/newsroom/article/0,,id=207293,00.html
Tax Breaks Available for Taxpayers Who Purchase Qualified Plug-In Electric Vehicles
IR-2009-45, April 24, 2009 — Plug-in electric vehicles using certain types of batteries may qualify for a new tax credit if purchased this year, the IRS said today
http://www.irs.gov/newsroom/article/0,,id=207051,00.html
Low Income Taxpayer Clinic Grant Recipients Announced
IR-2009-43, April 21, 2009 — IRS provides $9.5 million in matching grants for 2009.
National Taxpayer Advocate Nina E. Olson announced today that the Internal Revenue Service has awarded almost $9.5 million in matching grants to Low Income Taxpayer Clinics (LITCs) for the 2009 grant cycle.
http://www.irs.gov/newsroom/article/0,,id=206743,00.html
Update on ARRA Recovery Tax Provisions for Individuals and Businesses
Find out about tax deductions, credits and other aspects of the economic recovery law.
Technical Guidance
Notice 2009-41 provides procedures that manufacturers may follow to certify property as qualified residential energy efficient property under § 25D of the Internal Revenue Code, as well as guidance regarding the conditions under which taxpayers seeking to claim the § 25D credit may rely on a manufacturer's certification. Notice 2009-41 will appear in IRB 2009-19, dated May 11, 2009.
Revenue Ruling 2009-11 provides that differential pay that employers pay to their employees who leave their jobs to go on active military duty is subject to income tax withholding but is not subject to Federal Insurance Contributions Act ("FICA") or Federal Unemployment Tax Act ("FUTA") taxes. It will be published in IRB 2009-18 dated May 4, 2009.
Events
National Phone Forums (http://www.irs.gov/businesses/small/article/0,,id=158856,00.html)
· Proper Worker Classification - Phone Forum (May 20, 2009)
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.
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.
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