News Releases for March 2007


Notice: Historical Content

This is an archival or historical document and may not reflect current law, policies or procedures.

E-File Returns Running at Record Pace

IR-2007-74, March 30, 2007 — Electronically-filed tax returns are up almost 6 percent from the same period last year.

IRS Issues Regulations on Transactions Designed to Artificially Generate Foreign Tax Credits

IR-2007-73, March 29, 2007 — The IRS and Treasury Department today announced the release of proposed regulations that would disallow foreign tax credits for foreign taxes purportedly paid in connection with certain artificially engineered, highly structured transactions.

IRS Encourages Taxpayers to Take Advantage of Overlooked Tax Benefits

IR-2007-72, March 29, 2007 — Many taxpayers are missing out on the special telephone tax refund, Free File and more.

Jenkens & Gilchrist Admits It Is Subject to $76 Million IRS Penalty

IR-2007-71, March 29, 2007 — The penalty stems from the firm’s promotion of abusive and fraudulent tax shelters and violation of certain tax laws relating to tax shelters.

Many Cell Phone Customers May Be Overlooking Telephone Tax Refund; Before You File, See if You Qualify, IRS Advises

IR-2007-70, March 27, 2007 — Many cell-phone users appear to be overlooking the telephone tax refund in the mistaken belief that this one-time refund only applies to land-line customers.

Williams Will Head IRS’ ETA Office; Holland to Direct EITC Program

IR-2007-69, March 26, 2007 — David R. Williams will direct Electronic Tax Administration and Refundable Credits; Debra Holland will direct Earned Income Tax Credit program.

IRS Announces Enhancements to Online Payment Agreement Application

IR-2007-68, March 23, 2007 — With the filing deadline approaching, the IRS today announced enhancements to the interactive Online Payment Agreement application on

IRS Further Extends Deadline for Settlement Offered To Certain Foreign Embassy Staff

IR-2007-67, March 22, 2007 — The IRS is providing a further extension, until June 30, 2007, of 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.

IRS Invites Taxpayers to Apply for Taxpayer Advocacy Panel

IR-2007-66, March 22, 2007 — Applications are being accepted through April 30.

Electronically Filed Returns Up More Than 5 Percent

IR-2007-65, March 22, 2007 — More taxpayers are using e-file as their method of choice for filing their tax returns this year.

2007 Saturn Aura Certified As Qualified Hybrid Vehicle

IR-2007-64, March 19, 2007 — The IRS has acknowledged the certification by General Motors Corp. that its 2007 Saturn Aura Hybrid vehicle meets the requirements of the Alternative Motor Vehicle Credit as a qualified hybrid motor vehicle.

IRS Releases 2006 Data Book

IR-2007-63, March 16, 2007 — The report includes information about returns filed and taxes collected, enforcement, taxpayer assistance and the IRS budget and workforce and more.

IRS Web Site, Where’s My Refund? See Increased Use

IR-2007-62, March 16, 2007 — The IRS released statistics today showing that taxpayers’ use of, which includes features such as Where’s My Refund is increasing.

IRS Identifies 40 Frivolous Positions for Taxpayers to Avoid

IR-2007-61, March 15, 2007 — The IRS today issued guidance identifying dozens of frivolous positions that taxpayers should avoid when filing their tax returns.

Phone Card Retailers Usually Qualify for Telephone Tax Refund

IR-2007-60, March 15, 2007 — Under the law, retailers and other businesses that sell prepaid phone cards usually qualify for the telephone tax refund.

Free File Usage Tops 2 Million

IR-2007-59, March 14, 2007 — This year more than two million taxpayers to date have electronically filed their tax returns using IRS's Free File.

IRS Urges Caution about Internet Sites that Resemble the Official IRS Site

IR-2007-58, March 13, 2007 — The IRS today reminded taxpayers that the address of the official IRS government Web site is, not other sites with extensions such as .com, .net or .org.

IRS Reminds Corporations to E-File or File for an Extension by March 15

IR-2007-57, March 12, 2007 — Certain corporations need to e-file their returns or ask for an extension by March 15.

Interest Factors for Corporations Requesting Telephone Tax Refund Posted On

IR-2007-56, March 12, 2007 — The IRS today reminded corporations, facing a March 15 tax-filing deadline, that they can use interest factors posted on to help them figure the one-time telephone excise tax refund.

IRS Issues Winter 2006-2007 Statistics of Income Bulletin

IR-2007-55, March 12, 2007 — Highlights include articles on individual income taxes, split-interest trusts and tax-exempt organizations.

No Change In Interest Rates For The Second Quarter Of 2007

IR-2007-54, March 12, 2007 — The IRS today announced there will be no change in the interest rates for the calendar quarter beginning April 1, 2007.

Direct Deposit Refunds Top $100 Billion; Now They Can Be Deposited In Up To Three Accounts

IR-2007-53, March 8, 2007 — Direct-deposit refunds soared over the $100 billion mark last week as a growing number of taxpayers are choosing the speed and convenience of direct deposit, rather than receiving a paper check, IRS said.

Free File Available for Requesting Telephone Tax Refund

IR-2007-52, March 8, 2007 — Free File makes it easy for people who do not normally file tax returns to request the telephone excise tax refund.

IRS Has $2.2 Billion for People Who Have Not Filed a 2003 Tax Return

IR-2007-51, March 6, 2007 — To collect a refund for 2003, an income tax return for 2003 must be filed with an IRS office no later than Tuesday, April 17, 2007.

IRS Revises Offer in Compromise Application Form

IR-2007-50, March 5, 2007 — The new form adds significant changes as a result of the Tax Increase Prevention and Reconciliation Act of 2005.

Home Computer E-File Usage Grows in 2007

IR-2007-49, March 2, 2007 — More people are using their home computers to electronically file their tax returns this year.

New Online Option Coming for Payment of U.S. Residency Certification Fee

IR-2007-48, March 1, 2007 — Form 8802 electronic payment scheduled to start April 2.

IRS Seeks New Issues for the Industry Issue Resolution Program 2007

IR-2007-47, March 1, 2007 — The IRS is encouraging interested parties to submit to the Industry Issue Resolution (IIR) Program topics for resolution involving a controversy, a dispute or an unnecessary burden on taxpayers.

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