News Releases for February 2006
Patriot’s Day Gives Some Taxpayers an Extra Day to File and Pay Taxes
IR-2006-37, Feb. 27, 2006 — Taxpayers served by the Andover, Mass., processing center will have an extra day to file returns and pay taxes because April 17 is a Massachusetts state holiday.
IRS Releases New Guidance and Results of Political Intervention Examinations
IR-2006-36, Feb. 24, 2006 — IRS officials today released a report on the agency’s examination of political activity by tax-exempt organizations during the 2004 election campaign.
IRS Clarifies Information Reporting of Tobacco Payments
IR-2006-35, Feb. 23, 2006 — Under the installment method, a tobacco quota owner who receives termination payments over a number of years should report only the income received each year.
Treasury and IRS Provide Guidance for Energy Credits for Homeowners
IR-2006-34, Feb. 21, 2006 — Homeowners can rely on certifications from manufacturers of energy efficient items to claim tax credits.
Treasury and IRS Issue Guidance for Coal Project Credit and Gasification Project Credit
IR-2006-33, Feb. 21, 2006 — Companies are provided guidance for engaging in getting tax credit for Coal Project Program and Gasification Project Program.
Treasury and IRS Provide Guidance on Energy Credit To Home Builders
IR-2006-32, Feb 21, 2006 — Homebuilders may be eligible for up to $2,000 for credits related to building homes that are more energy efficient.
IRS Has $2 Billion for People Who Have Not Filed a 2002 Tax Return
IR-2006-31, Feb. 21, 2006 — The deadline for filing a 2002 income tax return to claim a refund for that year is April 17, 2006.
IRS Postpones Taxpayer Deadlines in Areas Hit Hardest by Katrina
IR-2006-30, Feb. 17, 2006 — Taxpayers in the most severely damaged parishes and counties of Louisiana and Mississippi automatically have through Aug. 28, 2006 to file returns and make certain payments.
IRS Streamlines Extension of Time to File for Business Taxpayers
IR-2006-29, Feb. 16, 2006 — Business taxpayers should use revised Form 7004 to request automatic six-month extension.
IRS Updates Tax Gap Estimates
IR-2006-28, Feb. 14, 2006 — The revised tax gap estimate is $345 billion for tax year 2001. The tax gap is the difference between what taxpayers timely and voluntarily should have paid and what they did pay.
Hurricane Victims Have More Time to Claim Losses on Prior Year Returns
IR-2006-27, Feb. 10, 2006 — Victims of Hurricanes Katrina, Rita and Wilma now have until Oct. 16, 2006.
IRS Certifies 2006 Toyota Prius Hybrid Vehicle for 2005 Deduction
IR-2006-26, Feb. 8, 2006 — Taxpayers who bought a 2006 Toyota Prius in 2005 should look for a $2,000 deduction on their 2005 tax returns, as the IRS has certified the 2006 Prius.
IRS Announces “Dirty Dozen” Tax Scams for 2006
IR-2006-25, Feb. 7, 2006 — The IRS pursues and shuts down promoters of these and numerous other scams.
Steps Taken to Improve Questionable Refund Program
IR-2006-24, Feb. 6, 2006 — The Internal Revenue Service today announced new steps to improve the Questionable Refund Program (QRP) and reduce the number of taxpayers subject to frozen refunds.
IRS to Host Six Tax Forums This Year
IR-2006-23, Feb. 3, 2006 — The forums present the latest news and information for tax professionals over three days of seminars.
Treasury and IRS Revise Circular 230 for Tax Professionals
IR-2006-22, Feb. 3, 2006 — Revisions to Circular 230 would modify the definition of practice, eligibility for enrollment, unenrolled practice, and address other items of interest to tax professionals.
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News releases and fact sheets from November 2002 forward and an archive of news releases and fact sheets in PDF format back to 1997.