News Releases for July 2006


Notice: Historical Content

This is an archival or historical document and may not reflect current law, policies or procedures.

IRS Launching Online Payment Agreement Application

IR-2006-119, July 31, 2006 — The new Online Payment Agreement will allow delinquent taxpayers to file an application for a payment agreement via computer.

IRS Announces New Tip Reporting Program

IR-2006-118, July 28, 2006 — New tip reporting program eases burden on businesses in the food and beverage industries.

E-file Available through October 16, 2006

IR-2006-117, July 24, 2006 — Taxpayers whose returns are due Oct.16 can file their returns electronically through a tax professional, home computer or the Free File Alliance.

Electronic Federal Tax Payment System Cited in New E-mail Scam

IR-2006-116, July 19, 2006 — Scamsters may try to lure you into revealing personal information in a phony e-mail mentioning the Electronic Federal Tax Payment System.

Purchasers of Honda Hybrids Still Qualify for Tax Credit

IR-2006-115, July 20, 2006 — Consumers still have time to buy qualified Honda hybrid vehicles and claim a tax credit for the purchase.

IRS Releases Final Draft Schedules M-3 for 2006

IR-2006-114, July 20, 2006 — The Internal Revenue Service today released final drafts of Schedules M-3 and Form 8916 for the 2006 tax year, and a new Form 8916-A, “Reconciliation of Cost of Goods Sold Reported on Schedule M-3.”

IRS Issues Spring 2006 Statistics of Income Bulletin

IR-2006-113, July 18, 2006 — The Internal Revenue Service today announced the release of the Spring 2006 issue of the Statistics of Income Bulletin. For the first time, the Bulletin takes a detailed look at individual noncash charitable contributions.

Employer Cash Incentives for Hybrids Are Taxable

IR-2006-112, July 13, 2006 — Cash rebates or incentives that employers provide to their employees for hybrid car purchases are taxable and must be reported as income.

National Taxpayer Advocate Releases Report to Congress; Identifies Priority Issues for Upcoming Year

IR-2006-111, July 13, 2006 — National Taxpayer Advocate Nina E. Olson today delivered a report to Congress that identifies the priority issues the Office of the Taxpayer Advocate will address in the coming fiscal year.

GM’s 2007 Saturn Vue Green Line Certified for the New Energy Tax Credit

IR-2006-110, July 11, 2006 — The Internal Revenue Service has acknowledged the certification by General Motors Corp. that its 2007 Saturn Vue Green Line vehicle qualifies for the Alternative Motor Vehicle Credit created by the Energy Policy Act of 2005.

Honda Vehicles Certified to Operate on Compressed Natural Gas

IR-2006-109, July 11, 2006 — The Internal Revenue Service has acknowledged the certification by American Honda Motor Company, Inc., that two of its vehicles powered by compressed natural gas (CNG) meet the requirements of the Alterative Motor Vehicle Credit enacted by the Energy Policy Act of 2005.

GM Vehicles Certified for the Alternative Vehicle Tax Credit

IR-2006-108, July 11, 2006 — The Internal Revenue Service has acknowledged the certification by General Motors Corporation that several of its 2006 and 2007 vehicles qualify for the Alternative Motor Vehicle Credit.

IRS Headquarters Will Remain Closed for Months; Tax Administration Operations Continue As Employees Relocate

IR-2006-107, July 11, 2006 — IRS Headquarters building restoration may not be complete until beginning of 2007. Tax administration and tax records are not affected. Headquarters employees are being assigned to work at 12 other IRS buildings in the area.

Law Revamps IRS Offer in Compromise Program

IR-2006-106, July 11, 2006 — Under a new federal law, taxpayers submitting new offers in compromise must make a 20 percent nonrefundable, up-front payment in many cases, the Internal Revenue Service announced today.

Temporary Procedures for Certain Expedited Ruling Requests

IR-2006-105, July 10, 2006 — SUPERSEDED BY IR-2006-123

IRS Renews E-mail Alert Following New Scams

IR-2006-104, July 7, 2006 — Reminder comes after increase in complaints in recent weeks.

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