News Releases for December 2014

Notice: Historical Content
This is an archival or historical document and may not reflect current law, policies or procedures.

Tax Season Opens As Planned Following Extenders Legislation 2014

IR-2014-119, Dec. 29, 2014 – Following the passage of the extenders legislation, the IRS announced it anticipates opening the 2015 filing season as scheduled in January.

IRS and Treasury Select an Issue for Industry Issue Resolution Program 2014

IR-2014-118, Dec. 23, 2014 — The IRS and the Treasury Department announced that they have accepted a request for guidance under the IRS’ Industry Issue Resolution (IIR) program regarding the capitalization rules as used by restaurants.

Tax-Free Transfers to Charity Renewed For IRA Owners 70 and One-Half or Older; Rollovers This Month Can Still Count For 2014

IR-2014-117, Dec. 23, 2014 — Certain owners of individual retirement arrangements (IRAs) have a limited time to make tax-free transfers to eligible charities and have them count for tax-year 2014, the IRS said.

IRS, National Tax Groups Offer Help Selecting a Tax Preparer; Tips, New Web Page Unveiled

IR-2014-116, Dec. 18, 2014 — The IRS joined with national tax organizations to provide people with new options to get information and tips on selecting tax professionals and avoiding unscrupulous preparers.

Post Appeals Mediation For Offers in Compromise Available Nationwide

IR-2014-115, Dec. 12, 2014 — The IRS released a revenue procedure providing rules for the nationwide rollout of post-Appeals mediation for Offer in Compromise and Trust Fund Recovery Penalty cases.

New Standard Mileage Rates Now Available; Business Rate to Rise in 2015

IR-2014-114, Dec. 10, 2014 — The IRS today issued the 2015 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.

Deadline Nears for Return Preparers to Qualify for New IRS Program

IR-2014-113, Dec. 9, 2014 — The IRS has begun issuing Records of Completion to tax return preparers who have met the requirements of a new voluntary program designed to help taxpayers determine return preparer qualifications in 2015.

Most Retirees Need to Take Required Retirement Plan Distributions by Dec. 31

IR-2014-112, Dec. 8, 2014 — The IRS reminded taxpayers born before July 1, 1944, that they generally must receive payments from their individual retirement arrangements and workplace retirement plans by Dec. 31.

Interest Rates Remain the Same for the First Quarter of 2015

IR-2014-111, Dec. 4, 2014 – The IRS today announced that interest rates will remain the same for the calendar quarter beginning Jan. 1, 2015.

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