News Releases for February 2006

IR-2006-37, Feb. 27, 2006 — Taxpayers served by the Andover, Mass., processing center will have an extra day to file returns and pay taxes because April 17 is a Massachusetts state holiday.

IR-2006-36, Feb. 24, 2006 — IRS officials today released a report on the agency’s examination of political activity by tax-exempt organizations during the 2004 election campaign.

IR-2006-35, Feb. 23, 2006 — Under the installment method, a tobacco quota owner who receives termination payments over a number of years should report only the income received each year.

IR-2006-34, Feb. 21, 2006 — Homeowners can rely on certifications from manufacturers of energy efficient items to claim tax credits.

IR-2006-33, Feb. 21, 2006 — Companies are provided guidance for engaging in getting tax credit for Coal Project Program and Gasification Project Program.

IR-2006-32, Feb 21, 2006 — Homebuilders may be eligible for up to $2,000 for credits related to building homes that are more energy efficient.

IR-2006-31, Feb. 21, 2006 — The deadline for filing a 2002 income tax return to claim a refund for that year is April 17, 2006.

IR-2006-30, Feb. 17, 2006 — Taxpayers in the most severely damaged parishes and counties of Louisiana and Mississippi automatically have through Aug. 28, 2006 to file returns and make certain payments.

IR-2006-29, Feb. 16, 2006 — Business taxpayers should use revised Form 7004 to request automatic six-month extension.

IR-2006-28, Feb. 14, 2006 — The revised tax gap estimate is $345 billion for tax year 2001. The tax gap is the difference between what taxpayers timely and voluntarily should have paid and what they did pay.

IR-2006-27, Feb. 10, 2006 — Victims of Hurricanes Katrina, Rita and Wilma now have until Oct. 16, 2006.

IR-2006-26, Feb. 8, 2006 — Taxpayers who bought a 2006 Toyota Prius in 2005 should look for a $2,000 deduction on their 2005 tax returns, as the IRS has certified the 2006 Prius.

IR-2006-25, Feb. 7, 2006 — The IRS pursues and shuts down promoters of these and numerous other scams.

IR-2006-24, Feb. 6, 2006 — The Internal Revenue Service today announced new steps to improve the Questionable Refund Program (QRP) and reduce the number of taxpayers subject to frozen refunds.

IR-2006-23, Feb. 3, 2006 — The forums present the latest news and information for tax professionals over three days of seminars.

IR-2006-22, Feb. 3, 2006 — Revisions to Circular 230 would modify the definition of practice, eligibility for enrollment, unenrolled practice, and address other items of interest to tax professionals.

Find previous year news releases and fact sheets from 1997 through last month.