News Releases for December 2005
IRS Reminds Taxpayers About Requirement of Written Acknowledgment for Donated Cars
IR-2005-149, Dec. 22, 2005— IRS officials today reminded taxpayers that they must obtain a charity’s written acknowledgment of their vehicle donation before they claim a deduction for the donation.
Lois G. Lerner Selected as Director of IRS Exempt Organizations Division
IR-2005-148, Dec. 22, 2005 — Lerner had been the director of the Exempt Organizations Rulings & Agreements Division.
IRS Issues Fall 2005 Statistics of Income Bulletin
IR-2005-147, Dec. 21, 2005 — The Bulletin contains an in-depth look at the 130.4 million individual income tax returns filed for tax year 2003.
IRS Releases Schedule M-3 for Partnerships
IR-2005-146, Dec. 20, 2005 — The IRS today released draft Schedule M-3 and instructions for certain partnerships that file Form 1065.
IRS Warns of Questionable Deductions for Donated Vehicles
IR-2005-145, Dec. 20, 2005 — IRS officials announced today that the IRS will not recognize certain deductions that taxpayers may be claiming relating to donated vehicles sold at auction.
IRS to Raise Some User Fees in 2006
IR-2005-144, Dec. 19, 2005 — Increases to affect a limited population of taxpayers and tax-exempt entities with technical or procedural issues.
IRS Extends Transition Relief to Partnerships and Pass-Thru Entities Under New Code Section
IR-2005-143, Dec. 16, 2005— The IRS and the Treasury Department today extended for a year limited transition relief for certain property held by partnerships and other pass-thru entities that are subject to Section 470.
IRS Issues Guidance on Investments by Mutual Funds in Commodity-Index Contracts
IR-2005-142, Dec. 16, 2006, Provides guidance to mutual funds about the affects on their tax preferred status of receiving income from commodity-index derivative contracts.
IRS Releases Schedules M-3 for Insurance and S Corporations
IR-2005-141, Dec. 13, 2005 — The Internal Revenue Service today released draft Schedules M-3 and instructions for corporations that file Forms 1120PC, 1120L and 1120S.
No Change in Interest Rate for First Quarter 2006
IR-2005-140, Dec. 8, 2005 — Seven percent remains the rate for most underpayments and overpayments for the first quarter of 2006.
IRS Issues Proposed Regulations to Safeguard Taxpayer Information
IR-2005-139, Dec. 7, 2005 — Preparers may not disclose or use tax return information for purposes other than return preparation without the consent of the taxpayer.
IRS Announces 2006 Standard Mileage Rates
IR-2005-138, Dec. 2, 2005 — The IRS has issued the optional standard mileage rates for 2006.
News Release and Fact Sheet Archive
News releases and fact sheets from November 2002 forward and an archive of news releases and fact sheets in PDF format back to 1997.