IRS Issues Fall 2007 Statistics of Income Bulletin IR-2007-195, Nov. 30, 2007 — The IRS released the fall 2007 issue of the Statistics of Income Bulletin, featuring data from 134.4 million individual income tax returns filed for tax year 2005. December’s Tax Talk Today Will Focus on Filing Season IR-2007-194, Nov. 28, 2007— December’s Tax Talk Today program, “Getting Ready for the Filing Season 2008: Part 1 (Individuals)”, on Tuesday, Dec. 11, 2007 at 2 p.m. will give tax professionals a head start and get preparers off on the right foot. Interest Rates Drop for the First Quarter of 2008 IR-2007-193, Nov. 28, 2007 – The IRS today announced that interest rates for the calendar quarter beginning January 1, 2008, will drop by one percentage point. IRS Announces 2008 Standard Mileage Rates; Rate for Business Miles Set at 50.5 Cents per Mile IR-2007-192, Nov. 27, 2007 — The 2008 standard mileage rates used to calculate the deductible costs of operating a car for business, charitable, medical or moving purposes have been released. Honda Hybrid Begins Phase-Out on January 1 IR-2007-191, Nov. 19, 2007 — The IRS announced today that American Honda Motor Company, Inc, has submitted quarterly reports indicating that its cumulative sales of qualified vehicles to retail dealers reached the 60,000-vehicle limit during the calendar quarter ending Sept. 30, 2007. IRS Reminds Charities and Churches of Political Activity Ban IR-2007-190, Nov. 19, 2007 — The Internal Revenue Service today reminded section 501(c)(3) organizations, including charities and churches that federal law prohibits them from becoming directly or indirectly involved in campaigns of political candidates. IRS Has $110 Million in Refund Checks Looking for a Home IR-2007-189, Nov. 14, 2007 — Each check is worth $953, on average. 2008 Nissan Altima Certified as Qualified Hybrid Vehicle IR-2007-188, Nov. 13, 2007 — The IRS has acknowledged the certification by Nissan North America, Inc., that its 2008 Nissan Altima Hybrid vehicle meets the requirements of the Alternative Motor Vehicle Credit as a qualified hybrid motor vehicle. Plan Now to Get Full Benefit of Saver’s Credit; Tax Break Helps Low- and Moderate-Income Workers Save for Retirement IR-2007-187, Nov. 9, 2007 — The saver's credit is an added bonus for many eligible workers who contribute to retirement plans. Like other tax credits, the saver’s credit can increase a taxpayer’s refund or reduce the amount of taxes owed. 2008 Hybrids Certified As Tax Credit For Toyota and Lexus Comes to an End IR-2007-186, Nov. 8, 2007 — The IRS acknowledged the certification by Toyota Motor Sales U.S.A., Inc., that several of its Model Year 2008 vehicles qualify for the hybrid vehicle tax credit. Only vehicles purchased prior to Oct. 1, 2007, qualify for a credit. Another Record-Breaking Number of Taxpayers Choose to Electronically File in 2007 IR-2007-185, Nov. 7, 2007 — The IRS this year received nearly 80 million tax returns through e-file, breaking the record set last year. IRS and States to Share Employment Tax Examination Results IR-2007-184, Nov. 6, 2007 -- Officials from the IRS and more than two dozen state workforce agencies have entered into agreements to share the results of employment tax examinations. IRS Warns of E-mail Scam Soliciting Donations to California Wildfire Victims IR-2007-183, Nov. 2, 2007 — Don't be fooled by a scam e-mail that appears to be a solication from the IRS for donations to victims of the recent California wildfires. IRS Announces New Chinese, Korean, Russian and Vietnamese Tax Glossaries to Assist Taxpayers IR-2007-182, Nov. 2, 2007 — Five new publications will meet growing demand for non-English language tax information. News Release and Fact Sheet Archive Find previous year news releases and fact sheets from 1997 through last month.