Friday, April 17, 2009

April 17 IRS Weekly Distribution

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Please share with your members and colleagues.  Select the blue links to see the full article


Newsroom                                                                                           April 17, 2009

 

How to Report and Identify Phishing,E-Mail Scams and Bogus IRS Websites

 

Special Guidance for Certain Expatriates
Form 8854 for 2008 should be available before June 15, 2009.

Prepared Remarks of Doug Shulman, Commissioner of Internal Revenue, Before the National Press Club
The speech was presented April 13, 2009, in Washington, D.C.

Recovery Rebate Credit Information Center
Information on the Recovery Rebate Credit.

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

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.

2008 Enforcement Statistics – Very Interesting!

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

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

Voluntary Disclosure
Taxpayers with unreported income may apply for a voluntary disclosure agreement with the IRS.

 

Credit and Debit Card Fees Related to Tax Payment are Deductible
IR-2009-37, April 7, 2009 — Credit or debit card convenience fees charged for paying federal individual income taxes electronically are deductible for some taxpayers who itemize. 

 

IRS Suspends Tax Practitioner for Failing To Provide Service Related to Offers in Compromise
IR-2009-35, April 7, 2009 — An enrolled agent was suspended from practice before the Internal Revenue Service by the Office of Professional Responsibility on April 6 for not performing services related to offers in compromise (OIC) paid for by taxpayers.

IRS Seeks Nominations for Information Reporting Program Advisory Committee
IR-2009-34, April 6, 2009 — Opportunities to work with IRS as a member of the Information Reporting Program Advisory Committee announced today.

IRS Issues Guidance on New Build America Bonds
IR-2009-33, April 3, 2009 — State and local governments may issue taxable bonds for capital projects and receive a new direct federal subsidy payment from the Treasury Department for a portion of their borrowing costs.

Special Tax Break Available for New Car Purchases This Year
IR-2009-30, March 30, 2009 — The IRS 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.

IRS Partner Headliner

 

Volume 265: FBAR Reporting by Persons with Only Signature Authority or Other Comparable Authority

 


Technical Guidance

 

Tax Credit for Ford Hybrids Begins Phase-Out
IR-2009-42, April 16, 2009 — The tax credit for hybrid passenger automobiles and light trucks manufactured by Ford Motor Company has begun to phase out for purchases made after March 31, 2009, the IRS said.

Beware of IRS’ 2009 “Dirty Dozen” Tax Scams
IR-2009-41, April 13, 2009 — The IRS issued its 2009 “dirty dozen” list of tax scams, including schemes involving phishing, hiding income offshore and false claims for refunds.

IRS Offers Reminders as Tax Filing Deadline Nears
IR-2009-40, April 10, 2009 — The IRS has advice for those who haven't yet filed their refurn, paid their taxes or requested an extension.

 

Bond Provisions in ARRA

The Internal Revenue Service has issued legal guidance on bond provisions in the American Recovery and Reinvestment Act.

 


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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James R. Kinsey
 
Sr Stakeholder Liaison Specialist
Communication, Liaison & Disclosure
SB/SE Division
Work 408-817-6842
Fax 408-817-4601