News Releases for July 2004


Notice: Historical Content

This is an archival or historical document and may not reflect current law, policies or procedures.

IRS Spring Statistics of Income Bulletin Features IRAs, Individual Tax Rates and Shares
IR-2004-102 — Spring 2004 Statistics of Income Bulletin is issued.

Excise Fuel Tax
IR-2004-101 — Treasury and IRS provide guidance on the collection of tax on imported gasoline, diesel fuel

New Issues Selected for IRS Industry Issue Resolution Program
IR-2004-100 — The IRS announced that tax issues confronting the banking and heavy equipment distributor industries have been selected for the Industry Issue Resolution (IIR) Program.

IRS to Appeal Accounting Decision; Proposed Standards Could Hinder Enforcement
IR-2004-99 — IRS will appeal arbitration decision overturning IRS's raising of qualification standards for revenue agent applicants.

IRS Issues Guidance on Truck and Tractor Excise Tax
IR-2004-98 — "Primarily designed test' used to determine applicability of the retail excise tax.

IRS Reaches Settlement on Aggressive Tax Transaction
IR-2004-97 — Resolution of disputes is part of the IRS’s ongoing enforcement efforts.

New Taxpayer Account, Processing System Debuts
IR-2004-96 — Customer Account Data Engine (CADE) processes initial set of 1040EZ returns.

IRS Strategic Plan Focuses on Service, Compliance, Modernization
IR-2004-95 — Three broad goals shape the roadmap for IRS operations for the coming years.

Insurers Need Not File Health Coverage Tax Credit Form
IR-2004-94 — IRS will provide health coverage tax credit recipients with copies of Form 1099-H, showing their advance health coverage tax credit payments.

CPA's Appeal of Disbarment Denied
IR-2004-93 — San Jose CPA, who is a former IRS criminal investigation agent, can no longer practice before the IRS.

Treasury, IRS Streamline Reporting of Significant Book-Tax Differences
IR-2004-92 — The Treasury Department and the IRS today issued a revenue procedure that streamlines disclosure by taxpayers of transactions with a significant book-tax difference.

Health Insurers Get More Time from IRS to Make Incentive Payments
IR-2004-90 — Health Insurance Companies and HMOs to receive extra time to make incentive payments and still take the related deduction.

New e-services Tools Expected to Increase e-filing, Improve Customer Service
IR-2004-89 — Disclosure Authorization and Electronic Account Resolution are the latest additions to the IRS suite of e-services.

Treasury and IRS Issue Revised Tax Form for Corporate Tax Returns
IR-2004-91 — New form to help increase the transparency of corporate tax return filings.

National Taxpayer Advocate Releases Report to Congress, Cites Need for Aggressive Protection of Taxpayer Rights
IR-2004-88 — National Taxpayer Advocate releases mid-year report to Congress focusing on enhanced protection of taxpayer rights.

Strong Response to “Son of Boss” Settlement Initiative
IR-2004-87 — More than 1,500 taxpayers filed to settle by the June 21 deadline.

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.