News Releases for January 2005

Notice: Historical Content

This is an archival or historical document and may not reflect current law, policies or procedures.

New EITC Tool Helps Taxpayers Determine Eligibility

IR-2005-11 — The IRS announced a new Web-based tool to help working families determine if they are eligible for the Earned Income Tax Credit.

IRS, Treasury Issue Guidance on New Penalties on Potentially Abusive Transactions

IR-2005-10 – The IRS today issued interim guidance on two new penalty provisions enacted as part of the American Jobs Creation Act of 2004.

IRS e file Now Available; Free File Opens Third Year

IR-2005-9 — It's fast, accurate and secure. Half the nation’s taxpayers are expected to e-file their tax returns this year.

IRS Announces Electronic Filing Requirements for Large Corporations, Exempt Organizations

IR-2005-8 — Regulations released today require certain large corporations and tax-exempt organizations to e-file returns beginning in 2006.

National Taxpayer Advocate Releases 2004 Report to Congress, Cites Tax Law Complexity as Most Serious Problem Facing Taxpayers

IR-2005-7 — Identifies complexity of the Internal Revenue Code as the most serious problem facing taxpayers and the IRS.

New Law Encourages Tsunami Relief Contributions

IR-2005-6 — Contributions made to qualified charities to help victims of the Tsunami can be deducted for tax year 2004 even if they are made in January 2005, under a new law enacted on Jan. 7.

IRS Issues Fall 2004 Statistics of Income Bulletin

IR-2005-5 — The Bulletin includes a detailed look at 130 million individual income tax returns for Tax Year 2002.

Revised Schedules K 1 to Reduce Filing Complexity

IR-2005-4 — New partnership and S-corporation Schedules K-1 are available for the 2004 tax year.

IRS Liberalizes Interest Suspension Rule for Amended Returns

IR-2005-3 — Rule extended to additional taxes voluntarily reported by taxpayers.

IRS Updates Sales Tax Table Publication

IR-2005-2 — New sales tax tables available for taxpayers in Arkansas, California and Virginia.

IRS Begins 2005 Filing Season

IR-2005-1 — Highlights include expanded electronic services, easier tax filing rules and new tax law changes; record year expected for e-file.

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