News Releases for August 2005


Notice: Historical Content

This is an archival or historical document and may not reflect current law, policies or procedures.

IRS Grants Tax Relief for Hurricane Katrina Victims

IR-2005-84, Aug. 30, 2005 — Taxpayers generally will have until Oct. 31, 2005, to file tax returns and submit tax payments.

KPMG to Pay $456 Million for Criminal Violations

IR-2005-83, Aug. 29, 2005 — KPMG LLP (KPMG) has admitted to criminal wrongdoing and agreed to pay $456 million in fines, restitution and penalties as part of an agreement to defer prosecution of the firm, the Justice Department and the Internal Revenue Service announced today.

Teachers Should Save Receipts for Educator Expense Deduction

IR-2005-82, Aug. 16, 2005 — Educators should save receipts for classroom supply purchases. These expenses may lower their 2005 taxes.

Industry Issue Resolution Program to Address Two New Issues

IR-2005-81, Aug. 8, 2005— The IRS and the Treasury Department today announced the Industry Issue Resolution (IIR) Program will address two new issues.

IRS, Treasury Issue Priority Guidance Plan for 2005-2006

IR-2005-80, Aug.8, 2005 — The IRS and Department of the Treasury released today the 2005-2006 Priority Guidance Plan.

Extension Deadline Looms; Form Available for More Time

IR-2005-79, Aug. 8, 2005 —Taxpayers who requested the automatic four-month extension to file their 2004 tax return face an Aug. 15 deadline. People who are unable to meet this approaching deadline may seek an additional two-month extension.

IRS Receives Connect America Partner of the Year Award

IR-2005-78, Aug. 5, 2005 — The Internal Revenue Service today was recognized for its community-based partnerships that link low-income taxpayers with organizations that prepare tax returns for free, ensure they properly receive tax credits and assist them with ways to build a financial savings. The IRS is the first government agency to receive the prestigious award.

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