FS-2005-18 — A new bankruptcy law contains provisions requiring debtors to file federal tax returns and make previous tax returns available.
FS-2005-17 — The IRS is offering a one-time opportunity to taxpayers to resolve their tax disputes over certain abusive tax transactions.
Withholding Required on Certain U.S. Real Property Transactions Involving Foreign Persons, IRS Warns
FS-2005-16, September 2005 — The IRS today reminds all real estate and tax professionals of the withholding tax and the filing obligations with respect to two transactions in which a foreign person disposes of a U.S. real property interest.
FS-2005-15 — Many of the injunctions order promoters to turn over client lists and to cease preparing federal income tax returns for others.
FS-2005-14 — The tax gap measures the extent to which taxpayers do not file their tax returns and pay the correct tax on time.
FS-2005-13 –– States are beginning to see results from the IRS Son of Boss settlement initiative. California and New York have also conducted compliance initiatives.
FS-2005-12 — A booming real estate market has helped increase mortgage fraud and other phony real estate related schemes.
FS-2005-11 — For a tax scheme involving the transfer of stock options or restricted stock to family controlled entities.
FS-2005-10 — The IRS wants all eligible taxpayers, but only those who are eligible, to claim the EITC. Review the rules for taxpayers and tax professionals.
FS-2005-9 — Taxpayers with access to a computer and the Internet may be eligible for free online tax preparation and free electronic filing.
FS-2005-8 — The Internal Revenue Service warns taxpayers to steer clear of disreputable preparers.
FS-2005-7 — A “qualifying child” may enable a taxpayer to claim several tax benefits. Prior to 2005, each of these items defined a qualifying child was defined differently for differing purposes.
FS-2005-6 — Taxpayers have an option to claim state and local sales taxes instead of state and local income taxes when they itemize deductions.
FS-2005-5 — Taxpayers can pay taxes electronically by authorizing an e-pay option.
FS-2005-4 — More than 61 million Americans chose IRS e-file options in 2004 .
FS-2005-3 — 29.5 million tax packages and about 11 million computer-filing brochures were mailed this year.
FS-2005-2 — The IRS offers free assistance by computer, fax, telephone and in person; get forms, publications and answers to a wide range of tax questions.
FS-2005-1 — Some recent tax law changes are effective for the 2004 Tax Year. Be sure to consider the details when you prepare your 2004 tax return.
News releases and fact sheets from November 2002 forward and an archive of news releases and fact sheets in PDF format back to 1997.