Fact Sheets 2004


Notice: Historical Content

This is an archival or historical document and may not reflect current law, policies or procedures.

Taxes and the Medical Profession

FS-2004-15 — The medical profession is not immune to tax fraud, schemes and scams or prosecutions of those who break the tax laws.

Tax-Exempt Organizations and Political Activities

FS-2004-14 — The law prohibits Section 501(c)(3) organizations from certain activities.

Son of Boss Settlement Initiative

FS-2004-13 - Investors in this abusive tax shelter have until June 21 to accept this offer to settle their tax issues.

Tax Return Errors and Frivolous Tax Arguments

FS-2004-12 — Guidance documents warn about scams, schemes and errors.

Qualified Dividends and Capital Gain Tax Worksheet: An Alternative to Schedule D

FS-2004-11 — Investors can still get the benefits of lower tax rates without the need to complete Schedule D.

Return Preparer Fraud

FS-2004-10 — Take care when choosing a tax return preparer.

IRS Details 2004 Free File Initiative

FS-2004-9 — At least 60% of taxpayers may use free online tax preparation and electronic filing services.

IRS Outlines EITC Eligibility for 2003 Tax Year

FS-2004-8 — Guidelines for this tax credit for workers with low incomes.

E-Payment Options for 2004

FS-2004-7 — Pay taxes by electronic funds withdrawal from a checking or savings account, or by using a credit card.

2004 IRS e-file

FS-2004-6 — Nearly 53 million Americans chose e-file options last year. It's quick, it's easy and for those who qualify, it's free.

Tax Packages — 2004 Filing Season

FS-2004-5 — Almost 34 million tax packages and nearly 28 million computer-filing brochures will go out this year.

Free Tax Help Available 1

FS-2004-4 — The IRS offers free assistance by computer, telephone, fax and in person.

Advance Child Tax Credit Payments and the 2003 Tax Return

FS-2004-3 — Nearly 24 million taxpayers received an advance Child Tax Credit payment. Now these taxpayers must subtract their advance payment when figuring the Credit on their 2003 tax returns.

2003 Tax Changes: Business Taxpayers

FS-2004-2 — Depreciation, automobile expenses and other information for businesses.

2003 Tax Changes: Individuals

FS-2004-1 — Individual taxpayers will generally find their 2003 taxes lower, thanks to tax law changes in recent years.

News Release and Fact Sheet Archive

Find an archive of news releases and fact sheets from November 2002 and news releases and a listing of fact sheets from 1997.