News Section:  Internal Revenue Service (IRS)

Spring 2012 Statistics of Income Bulletin Now Available

May 25, 2012

  IR-2012-58, May 25, 2012 WASHINGTON — The Internal Revenue Service today announced that the spring 2012 issue of the Statistics of Income Bulletin is available to the general public. This issue features information on high-income individual income tax returns filed for tax year 2009. Taxpayers filed more than 3.9 million returns with adjusted gross incomes of $200,000 or more. These high-income returns represent almost 2.8 percent of all returns …click to read more…

IRS Names Seven New Members to ACT Panel; ACT to Submit Recommendations at June Meeting

May 24, 2012

IR-2012-57, May 24, 2012 WASHINGTON — The Internal Revenue Service’s Advisory Committee on Tax Exempt and Government Entities (ACT) will hold a public meeting on June 6, when the panel will submit its latest round of recommendations to senior IRS executives. Seven newly-appointed members of the panel (listed below) will also be introduced at the public meeting. They will begin two-year terms and join 14 returning members. The ACT includes …click to read more…

For Small Business Week, IRS Spotlights Expanded Tax Credit for Hiring Veterans, Credit for Providing Health Care Coverage to Employees and Tax Relief

May 23, 2012

IR-2012-56 May 23, 2012 WASHINGTON — The Internal Revenue Service is marking Small Business Week, May 20 to 26, by encouraging small business owners to check out two key tax credits and a special relief program that could provide significant tax benefits during 2012. Both the expanded credit for hiring veterans and the credit for employer-provided health care coverage can provide tax savings to eligible small businesses when they file …click to read more…

IRS Announces 43 Small Offices to Close, Others to be Consolidated; Agency Sheds More than One Million Square Feet of Office Space

May 22, 2012

  IR-2012-54, May 22, 2012 WASHINGTON — The Internal Revenue Service today announced a sweeping office space and rent reduction initiative that over the next 2 years will close 43 smaller offices and reduce space in many larger facilities. These measures will save more than 40 million in taxpayer dollars. Coupled with space reductions last year, the initiative will slash total IRS office space by more than one million square …click to read more…

IRS Announces More Flexible Offer-in-Compromise Terms to Help a Greater Number of Struggling Taxpayers Make a Fresh Start

May 21, 2012

  IR-2012-53, May 21, 2012 WASHINGTON — The Internal Revenue Service today announced another expansion of its “Fresh Start” initiative by offering more flexible terms to its Offer in Compromise (OIC) program that will enable some of the most financially distressed taxpayers to clear up their tax problems and in many cases more quickly than in the past. “This phase of Fresh Start will assist some taxpayers who have faced …click to read more…

Treasury and IRS to Hold Consultation Call with Tribal Leaders

May 14, 2012

  IR-2012-52, May 14, 2012 WASHINGTON — The Treasury Department and the Internal Revenue Service will jointly conduct another consultation and listening session regarding the application of the General Welfare Exclusion to Benefits Provided under Indian Tribal Government Programs. Pursuant to Treasury’s Tribal Consultation Policy and Executive Order 13175, Treasury and the IRS have been actively engaged in consultation with Tribes and Tribal leaders. Treasury and IRS began consultation on …click to read more…

IRS Seeks Applications for the Internal Revenue Service Advisory Council

May 4, 2012

  IR-2012-51, May 4, 2012 WASHINGTON — The Internal Revenue Service today announced it is accepting applications for the Internal Revenue Service Advisory Council (IRSAC), which provides a public forum for IRS officials and representatives of the public to discuss relevant federal tax administration issues. “Recommendations from IRSAC members assist the IRS in a wide range of administrative and strategic decisions,” said IRS Commissioner Doug Shulman. Applications will be accepted …click to read more…

IRS Accepting Applications for Low Income Taxpayer Clinic Grants

May 2, 2012

  IR-2012-50, May 2, 2012 WASHINGTON — The Internal Revenue Service today announced the opening of the 2013 Low Income Taxpayer Clinic (LITC) grant application process. Applications for grants, which will be awarded for the 2013 calendar year, must be electronically filed, postmarked, sent by private delivery service, or hand-delivered to the LITC Program Office in Washington, D.C. by June 15, 2012. The LITC grant program is a federal program …click to read more…

IRS Seeking Applications for Volunteer Tax Assistance Program Grants

April 30, 2012

  IR-2012-49, April 30, 2012 WASHINGTON –– The Internal Revenue Service is accepting applications for the Tax Counseling for the Elderly (TCE) and Volunteer Income Tax Assistance (VITA) grant programs, which will allow some organizations to apply for annual funding for up to three years. Applications will be accepted only through Grants.gov May 1 through May 31, 2012. Previous grant recipients will have the option to apply for up to …click to read more…

Last-Minute Filers: Avoid Common Errors

April 16, 2012

  IRS YouTube Video: Tax Return Errors English | Spanish | ASL Podcast: Tax Return Errors English | Spanish IR-2012-48, April 16, 2012 WASHINGTON — The Internal Revenue Service today reminded taxpayers to review their tax returns for common errors that could delay the processing of their returns. Here are some ways to avoid common mistakes. File electronically. Filing electronically, whether through e-file or IRS Free File, vastly reduces tax …click to read more…