Fact Sheets 2010


Notice: Historical Content

This is an archival or historical document and may not reflect current law, policies or procedures.

EITC Eligibility Rules for 2009 Tax Year Outlined

FS-2010-12, January 2010 — The Earned Income Tax Credit (EITC) is a tax credit for people who work but do not earn high incomes.

Reporting Foreign Bank and Financial Accounts 1

FS-2010-11, January 2010 — Requirement applies when total value of all foreign accounts exceeds $10,000.

Free Tax Help Available From the IRS

FS-2010-10, January 2010 — The Internal Revenue Service offers free help to taxpayers who need answers to their federal tax questions and help with filing a return.

Online Scams that Impersonate the IRS

FS-2010-09, January 2010 — Consumers should protect themselves against online identity theft and other scams that increase during and linger after the filing season. Such scams may appropriate the name, logo or other appurtenances of the IRS or U.S. Department of the Treasury to mislead taxpayers into believing that the scam is legitimate.

E-File, Free File and Other Electronic Options for 2010

FS-2010-08, January 2010 — Most taxpayers this year will use IRS e-file to file their federal tax returns or get extensions of time to file. Here's what you need to know about e-file and other electronic options.

Most Workers Need to File New Schedule M; Making Work Pay Credit Offers Tax Savings Up to $800

FS-2010-07, Jan. 4, 2010 -- Two special tax credits offer taxpayers an opportunity to lower their tax bill or increase their refunds this filing season.

Tax Credits for Home Buyers

FS-2010-06, January 2010 — Tax credits have been extended for first-time homebuyers and extended to long time residents buying buying new principal residences.

Taxpayers Can Now Use Refunds to Buy Savings Bonds; New Direct Deposit Option

FS-2010-5, January 2010 - In an effort to help individuals build their savings and retirement funds, a new direct deposit option in 2010 allows taxpayers to use their tax refunds to purchase U.S. Series I Savings Bonds.

2009 Tax Law Changes Provide Saving Opportunities for Nearly Everyone

FS-2010-4, January 2010 — American Opportunity credit, energy credits, vehicle tax deduction and more.

How to Choose a Tax Return Preparer and Avoid Preparer Fraud 2010

FS-2010-03, January 2010 — IRS fact sheet on how to choose a tax return preparer and avoid preparer fraud.

Tax Filing Season 2010: Efforts Increase to Ensure Accurate Return Preparation

FS-2010-02, January 2010 — IRS issued a fact sheet on tax filing season 2010 efforts to ensure accurate return preparation

Return Preparer Review Leads to Recommendations For New Requirements of Paid Tax Return Preparers

FS-2010-01, January 2010 — The IRS Return Preparer Review leads to recommendations for new requirements of paid tax return preparers.

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.