News Releases for July 2003

Notice: Historical Content
This is an archival or historical document and may not reflect current law, policies or procedures.

8.5 Million Who Filed for Extensions Approach Aug. 15 Tax Deadline

IR-2003-96 — IRS reminds taxpayers who filed for extensions that their income tax returns are due on Aug. 15.

Offshore Compliance Program Shows Strong Results

IR-2003-95 — The Offshore Voluntary Compliance Initiative (OVCI) continues to provide results with more than $75 million in taxes collected so far.

IRS Delays Key Technology Program Until 2004 Filing Season

IR-2003-94 — The IRS will delay the first phase of the program to modernize its computer system taxpayer master files.

Matthews Selected As New Deputy Commissioner for Services and Enforcement

IR-2003-93 — Former Criminal Investigation Chief returns to supervise the four major IRS business units and two other offices.

New Issues Selected for the IRS Industry Issue Resolution Program

IR-2003-92 — IRS will issue guidance on 5 items chosen from those identified by businesses as being frequently disputed or burdensome.

Advance Child Tax Credit Payments Begin July 25, 2003

IR-2003-91 — Qualifying taxpayers just have to wait for their checks to arrive.

EFTPS-OnLine Gets Major Upgrade

IR-2003-90 — Greater convenience and expanded research capabilities are among the benefits of a half-dozen new features.

Retirement Plans Need Not File Fringe Benefit Information

IR-2003-89 — Employers and retirement plan professionals no longer have to file information about fringe benefit plans. The IRS suspended the requirement for an annual Form 5500 and Schedule F last year for pure fringe benefit plans.

IRS Guidance on Fiber Optic Cable for Cable TV Distribution System

IR-2003-88 — Technical tax guidance for the cable TV industry.

Web Site for Political Organizations Improves Filing and Disclosure

IR-2003-87 — Improvements give public easier access to files and better electronic filing for political organizations.

National Taxpayer Advocate Issues Annual Fiscal Year Objectives Report to Congress

IR-2003-86 — A review of accomplishments during the current fiscal year and a description of the focus and goals for the coming fiscal year.

IRS Names Beverly Babers as New Chief Human Capital Officer

IR-2003-85 — The IRS has chosen Beverly Babers to be the new Chief Human Capital Officer to direct human relations management and policy.

IR-2003-84

Resolves issues relating to an examination of Ernst & Young’s compliance with the registration and list maintenance requirements regarding the firm’s marketing of tax shelters. The agreement requires Ernst & Young to make a non-deductible payment of $15 million.

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