News Releases for February 2007

Notice: Historical Content

This is an archival or historical document and may not reflect current law, policies or procedures.

Free Online Tax Filing Available to Many Military Members

IR-2007-46, Feb. 28, 2007 — Many members of the military can take advantage of Free File.

Farmers, Fishermen Affected by Storms Can Seek Penalty Relief

IR-2007-45, Feb. 28, 2007 — The IRS announced today that farmers and fishermen may ask the IRS to waive any estimated tax penalties if the taxpayers were affected by the snowstorms that began on February 19, 2007.

IRS Extends Attributed Tip Income Program Deadline to June 30

IR-2007-44, Feb. 28, 2007 — IRS responds to requests from restaurant and beverage industry.

Michael R. Chesman to Head IRS Office of Professional Responsibility

IR-2007-43, Feb. 28, 2007 — Chesman to enforce standards of competence, integrity and conduct among tax practitioners.

IRS Offers Tips for Accurate Schedule K 1 Reporting

IR-2007-42, Feb. 27, 2007 — Correct information is important on these beneficiary, partnership and shareholder forms because the IRS matches the data to other returns to ensure accurate reporting.

Eileen Mayer Will Lead IRS’ Criminal Investigation Division

IR-2007-41, Feb. 26, 2007 — Eileen Mayer, currently head of the IRS’s Office of Fraud / Bank Secrecy Act, was named today as head of the agency’s Criminal Investigation Division.

10 Million Taxpayers Miss Out on Telephone Tax Refunds; IRS Urges People to Check before Filing

IR-2007-40, Feb. 23, 2007 — The 2007 filing season's first statistics indicate that 30 percent of taxpayers are not requesting the telephone excise tax refund.

Accounting Issue for Automobile Dealers To Be Addressed by IRS Industry Issue Resolution Program

IR-2007-39, Feb. 22, 2007 — The IRS and the Treasury Department today announced that they will work to publish guidance for automobile wholesalers, manufacturers and dealers on the proper treatment of the dollar-value, LIFO inventory method for pooling purposes of crossover vehicles.

Purchasers of Honda Hybrids Still Qualify for Tax Credit 2

IR-2007-38, Feb. 20, 2007 — The IRS announced that purchasers of Honda qualified vehicles may continue to claim the Alternative Motor Vehicle Credit.

Fraudulent Telephone Tax Refunds, Abusive Roth IRAs Top Off 2007 “Dirty Dozen” Tax Scams

IR-2007-37, Feb. 20, 2007 –– Also new to the "Dirty Dozen" are abuses involving the American Indian Employment Credit, domestic shell companies and structured entities.

IRS Moves to Stop Abusive Telephone Tax Refund Requests; Search Warrants Target Tax Preparers in Seven Cities Nationwide

IR-2007-36, Feb. 16, 2007 — The IRS has seen limited but serious instances of abuse and has sent in criminal investigators to pursue the matter accordingly.

Merck Agrees to Pay IRS $2.3 Billion

IR-2007-35, Feb. 14, 2007 — In one of the largest agreements at the IRS Large & Midsize Business Division examination level, Merck agrees to pay $2.3 billion.

IRS Extends Deadline for Settlement Offered To Certain Foreign Embassy Staff

IR-2007-34, Feb. 13, 2007 — The IRS will extend until March 30 the deadline for current and former U.S.-based employees of foreign embassies, consular offices and missions and international organizations to participate in a one-time settlement initiative to resolve outstanding tax matters related to their employment.

IRS Selects 16 New Members for IRS Advisory Council

IR-2007-33, Feb. 13, 2007 — The Internal Revenue Service today announced the selection of 16 new members for the Internal Revenue Service Advisory Council (IRSAC). These appointees will join 11 returning members who are in their last year of a three-year term.

IRS to Waive Estimated Tax Penalty for U.S. Citizens or Residents Living and Working Abroad

IR-2007-32, Feb. 13, 2007 — Norice 2007-16 explains the changes in the law under the Tax Increase Prevention and Reconciliation Act of 2005, who is eligible for the penalty waiver and to what extent relief is available.

New Chiefs at Human Capital Office, Agency Wide Shared Services

IR-2007-31, Feb. 9, 2007 — The IRS has new chiefs in the Human Capital Office and Agency-Wide Shared Services.

IRS Offers Opportunity for Employers to Satisfy Tax Obligations of Rank and File Employees with ‘Backdated’ Stock Options

IR-2007-30, Feb. 8, 2006 — IRS officials today announced an initiative aimed at providing relief for rank-and-file employees affected by their companies’ issuance of backdated stock options.

Purchasers of GM Hybrids Still Qualify for Tax Credit 2

IR-2007-29, Feb. 8, 2007 — The IRS announced that purchasers of General Motors Corp. qualified vehicles may continue to claim the Alternative Motor Vehicle Credit.

Phase Out Credit for Toyota and Lexus Hybrids Continues With Reporting of Fourth Quarter Sales

IR-2007-28, Feb. 8, 2007 — After reviewing the fourth quarter sales of Toyota, the IRS announced that purchasers Toyota and Lexus vehicles may continue to claim the Alternative Motor Vehicle Credit.

IRS Moves to Prevent Telephone Tax Refund Abuse; Help Taxpayers Make Accurate Requests

IR-2007-27, Feb. 7, 2007 — The Internal Revenue Service announced today it is taking additional steps to prevent abuse by tax preparers and help taxpayers make accurate requests for the one-time telephone excise tax refund.

IRS Begins Processing Returns Claiming Extender Deductions; Urges Taxpayers to File Electronically, Check on Phone Tax Refund

IR-2007-26, Feb. 6, 2007 — E-file is the easiest and most accurate way to file a return, including any return claiming extender-related benefits.

Statement of IRS Commissioner Mark W. Everson on the FY 2008 Budget

Feb. 5, 2007 — The president’s 2008 budget request for the IRS, together with the accompanying legislative proposals concerning tax administration... will do much to promote compliance with our tax law.

IRS Begins Work on Whistleblower Office; Whitlock Named First Director

IR-2007-25, Feb. 2, 2007 — The IRS today named Stephen A. Whitlock as director of its new Whistleblower Office, where he will be responsible for administering the program designed to receive information that helps uncover tax cheating and to provide appropriate rewards to whistleblowers.

Paulson, IRS Launch Campaign to Help Low Income Taxpayers Take Advantage of Tax Credit, Free Tax Help

IR-2007-24, Feb. 1, 2007 — The Treasury Department, Treasurer of the U.S., the IRS and other officials launch Earned Income Tax Credit Awareness Day to remind eligible, working taxpayers to claim this important credit.

Free Tax Help Available at Sites Nationwide

IR-2007-23, Feb. 1, 2007 — IRS-partnered programs offer free tax help to low- and moderate-income taxpayers, taxpayers who are 60 and older, members of the military and more.

News Release and Fact Sheet Archive

News releases and fact sheets from November 2002 forward and an archive of news releases and fact sheets in PDF format back to 1997.