December 2002 News Releases


Notice: Historical Content

This is an archival or historical document and may not reflect current law, policies or procedures.

IRS Issues Home Sale Exclusion Rules

IR-2002-142 -- IRS issues guidance related to the exclusion of gain on the sale of a principal residence in the form of both final and temporary regulations.

Certain Disaster Relief Payments Are Tax-Free

IR-2002-141 -- Individuals who are disaster victims will generally not have to pay taxes on assistance payments they receive.

Daily IRS Tax Tips Available For 2003 Filing Season

IR-2002-140 -- IRS offers a daily series of Tax Tips for the 2003 tax filing season; great tips on topics that matter to most individual taxpayers.

OBSOLETE — IRS Makes Changes To Individual Taxpayer Identification Number (ITIN) Application
IR-2002-139 -- UPDATED -- Resident and non-resident aliens applying for an ITIN will need to use the revised Form W-7.

New IRS Report Shows Income and Taxes Surged in 2000; Alternative Minimum Tax Jumped

IR-2002-138 -- Individual Adjusted Gross Income surged 8.7 percent in 2000, according to the latest release of IRS statistics.

National Taxpayer Advocate Selects Deryle J. Temple as First Director of the Taxpayer Advocacy Panel

IR-2002-137 -- National Taxpayer Advocate selects the first director of the Taxpayer Advocacy Panel.

IRS Earns Recognition For Modernization Processes

IR-2002-136 -- The management processes IRS uses to acquire modernized business solutions have earned recognition by an independent research group.

IRS Revises Voluntary Disclosure Practice

IR-2002-135 -- The IRS has revised and updated a key practice that helps agency investigators in determining whether a case is recommended for criminal prosecution.

Charitable Donations Can Lower Tax Bills; Simple Steps Can Help

IR-2002-134 -- As the end of 2002 approaches, the IRS reminds taxpayers that they may be able to use the gifts they make to tax-exempt charitable and religious groups to reduce their taxes.

IRS Implements New Limited Issue Focused Examination (LIFE) Process

IR-2002-133 -- The IRS Large and Mid-Size Business Division is implementing a new streamlined examination process called LIFE -- the Limited Issue Focused Examination.

IRS Awards Grants to Low-Income Taxpayer Clinics

IR-2002-132 -- IRS awards $7 million in matching grants to 138 tax exempt organizations and academic institutions that provide low-income taxpayer clinics.

Interest Rates Drop for the First Quarter Of 2003

IR-2002-131 -- Interest rates for the calendar quarter beginning Jan. 1, 2003, will drop by 1 percent for overpayments, underpayments and in other categories related to large corporations.