News Releases for November 2009

Notice: Historical Content

This is an archival or historical document and may not reflect current law, policies or procedures.

IRS Fall 2009 Statistics of Income Bulletin Now Available

IR-2009-109, Nov. 24, 2009 — The IRS today announced the release of the fall 2009 issue of the Statistics of Income Bulletin, featuring data on 143 million individual income tax returns filed for tax year 2007.

First-Time Homebuyer Credit Extended to April 30, 2010; Some Current Homeowners Now Also Qualify

IR-2009-108, Nov. 24, 2009 — Maximum credit remains at $8,000. Long-time residents can qualify for up to $6,500.

Interest Rates Remain the Same for the First Quarter of 2010

IR-2009-107, Nov. 23, 2009 — Interest rates for the quarter beginning Jan. 1, 2010, remain the same as in the prior quarter.

IRS Issues Proposed Regulations on Reporting Requirement for Payment Card and Third-Party Payment Transactions

IR-2009-106, Nov. 23, 2009 — The IRS issued proposed regulations under a new statute requiring that, starting with transactions in calendar year 2011, the gross amount of payment card and third-party network transactions be reported annually to participating merchants and the IRS.

Most Businesses May Take Advantage Of Expanded Loss Carryback Option Under New IRS Procedure

IR-2009-105, Nov. 20, 2009 — Most businesses may use losses incurred during the economic downturn to reduce income from prior tax years, under a revenue procedure issued today by the IRS.

IRS Announces 2010 VITA Grant Recipients

IR-2009-104, Nov. 10, 2009 — The IRS awarded nearly $8 million in matching grants to support its Volunteer Income Tax Assistance program.

Nov. 18 Webinar for Tax Professionals Details Benefits of e-file

IR-2009-103, Nov. 10, 2009 — Tax professionals can hear first hand from their colleagues and e-mail questions to the Internal Revenue Service about the benefits of IRS e-file during a free Nov. 18 webinar, “E-file: Building the Case, A Panel Discussion with Tax Professionals.”

New Members, Chairman Selected for ETAAC

IR-2009-102, Nov. 9, 2009 — The Internal Revenue Service announced the selection of four new members and a Chairman for the Electronic Tax Administration Advisory Committee (ETAAC). The Treasury Department and the IRS Commissioner have approved the new members to serve a three-year term beginning October 2009 and ending October 2012.

IRS Seeks to Return $123.5 Million in Undeliverable Refunds to Taxpayers; IRS Reminds Taxpayers to Use e-file and Direct Deposit

IR-2009-101, Nov. 5, 2009 — The IRS is looking for taxpayers who are due a combined $123.5 million in 107,831 refund checks that were returned due to mailing address errors.

IRS Seeks Applications for TE/GE Advisory Committee 2009

IR-2009-100, Nov. 3, 2009 — The IRS is seeking applications for vacancies on the Advisory Committee on Tax Exempt and Government Entities (ACT).

Two Out of Three Individuals Now Using IRS e-file

IR-2009-99, Nov. 2, 2009 — 95 million individuals e-filed in 2009. More than 30 million individuals filed from their home computers, up 20 percent from the prior year.

News Release and Fact Sheet Archive

Find an archive of news releases and fact sheets from November 2002 and news releases and a listing of fact sheets from 1997.