News Releases for June 2007

IR-2007-124, June 28, 2007 — The Web-based tools will help guide tax-exempt organizations through the federal tax rules and requirements that pertain to them.

IR-2007-123, June 21, 2007 — The IRS is expanding an outreach effort to ensure that public schools throughout the United States are complying with the universal availability requirement for retirement annuities.

IR-2007-122, June 20, 2007 — The interest rates are computed from the federal short-term rate based on daily compounding determined during April 2007.

IR-2007-121, June 20, 2007 — The redesigned Form 2678 is clearer and more user-friendly; all prior versions are now obsolete.

IR-2007-120, June 19, 2007 –– One retirement, one replacement and one new assignment bring changes to some of the top positions within the Office of the Chief Counsel.

IR-2007-119, June 18, 2007 — The IRS today announced the release of the spring 2007 issue of the Statistics of Income Bulletin.

IR-2007-118, June 15, 2007 — Tax Forum attendees can earn up to 18 continuing professional education credits and attend an expo featuring representatives from the IRS, tax, financial and business communities offering their products, services and expertise.

IR-2007-117, June 14, 2007 — The IRS is soliciting comments on the redesigned Form 990, Return of Organizations Exempt from Income Tax, and its schedules and instructions through Sept. 14, 2007.

IR-2007-116, June 13, 2007 — A U.S. person with a foreign financial account worth more than $10,000 must file FBAR.

IR-2007-115, June 11, 2006 — The IRS and Treasury Department today released Notice 2007-54, providing guidance and transitional relief for the return preparer penalty provisions amended by the Small Business and Work Opportunity Act of 2007.

IR-2007-114, June 8, 2007 — Refund fraud schemes in California, Florida, Georgia and Texas have resulted in federal indictments of the perpetrators; one has since pled guilty.

IR-2007-113, June. 6, 2007 — IRS officials today announced plans to launch a new National Research Program (NRP) reporting compliance study for individual taxpayers to support efforts to reduce the nation’s tax gap.

IR-2007-112, June 5, 2007 — Form 13844 may be used by qualified taxpayers to request a lower user fee when applying for an installment agreement for payment of taxes owed.

IR-2007-111, June 5, 2007 –– IRS Chief Counsel Donald L. Korb has selected Gregg D. Polsky as the 2007-2008 Professor in Residence.

IR-2007-110, June 1, 2007 — Paperless recordkeeping, documenting valuables and other tips on how to be ready.

Find previous year news releases and fact sheets from 1997 through last month.