News Releases for December 2004


Notice: Historical Content

This is an archival or historical document and may not reflect current law, policies or procedures.

IRS Expands Pre-Filing Agreement Program

IR-2004-156 - IRS expands Pre-Filing Agreement Program to resolve issues for the current taxable year and up to four future taxable years.

IRS Warns Businesses and Retirement Plans Against Abuses Involving ESOPs and S Corporations

IR-2004-155 – The IRS has issued letters to 1,700 businesses and retirement plan sponsors alerting them to new taxes and warning against participation in abusive schemes.

Industry Issue Resolution Program to Address Signature Requirements Regarding Employment Tax Returns

IR-2004-154 — The National Payroll Reporting Consortium presented the IIR submission requesting that the agency update procedures to recognize electronic filing and other changes.

IRS Issues Optional Sales Tax Tables

IR-2004-153 — Taxpayers can easily find their potential sales tax deduction amount.

IRS and the Treasury Department Amend Circular 230 to Promote Ethical Practice by Tax Professionals

IR-2004-152 — IRS and the Treasury Department amend standards of practice for tax professionals.

IRS Accepts Settlement Offer on Contingent Liability Tax Shelter

IR-2004-151 — Pending dispute with Hercules Incorporated over a listed tax shelter transaction successfully resolved.

Treasury, IRS Issue Section 409(p) Regulations

IR-2004-150 — A wide variety of issues are addressed, targeting abusive schemes to skirt pension laws.

IRS Selects 12 New Members for IRS Advisory Council

IR-2004-149 — Appointees join 10 returning members who are in the second year of three-year terms.

IRS Selects Nine New Members for Information Reporting Program Advisory Committee

IR-2004-148 — Appointees join eight returning members who are in the second year of a three-year term.

2005 Ford Escape Hybrid Sport Utility Vehicle Certified for Clean-Fuel Deduction

IR-2004-147— The IRS has certified the 2005 Ford Escape Hybrid as being eligible for the clean-burning fuel deduction.

Agreement Identifies U.S. and Swiss Pension Plans for Tax Treaty Benefits

IR-2004-146 — Agreement also specifies procedures for claiming treaty benefits and the methods each country uses to grant treaty benefits.

HUD and IRS Launch Joint Effort to Help Families

IR-2004-145 — Low-income taxpayers to get help with free tax assistance and learning about important tax benefits.

No Change in Interest Rates for the First Quarter of 2005

IR-2004-144 — No change in rates for the quarter beginning Jan. 1, 2005.

News Release and Fact Sheet Archive

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