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Interest Rates Remain the Same for the Third Quarter of 2012 IR-2012-55, May 22, 2012 — Interest rates for the 3rd quarter of 2012 remain the same as in the prior quarter. IRS Announces 43 Small Offices to Close, Others to be Consolidated; Agency Sheds More than One Million Square Feet of Office Space IR-2012-54, May 22, 2012 — By cutting more than 1 million square feet of office space, the IRS will save taxpayers millions of dollars. IRS Announces More Flexible Offer-in-Compromise Terms to Help a Greater Number of Struggling Taxpayers Make a Fresh Start IR-2012-53, May 21, 2012 — IRS announces taxpayer-friendly changes to its Offer in Compromise program as part of the agency's "Fresh Start" initiative. Treasury and IRS to Hold Consultation Call with Tribal Leaders IR-2012-52, May 14, 2012 — The Treasury Department and the IRS will jointly conduct a consultation and listening session on the General Welfare Exclusion to Benefits Provided under Indian Tribal Government Programs. IRS Accepting Applications for Low Income Taxpayer Clinic Grants IR-2012-50, May 2, 2012 — The Internal Revenue Service today announced the opening of the 2013 Low Income Taxpayer Clinic (LITC) grant application process. IRS Seeking Applications for Volunteer Tax Assistance Program Grants IR-2012-49, April 30, 2012 –– The Internal Revenue Service is accepting applications for the TCE and VITA grant programs. Last-Minute Reminder to Parents and Students; Don’t Overlook College Tax Benefits IR-2012-46, April 11, 2012 — Parents and students are reminded to check out several college-related tax benefits before filing their 2011 returns. Prepared Remarks Commissioner of Internal Revenue Douglas H. Shulman before the National Press Club IR-2012-42, April 5, 2012 ― Prepared Remarks Commissioner of Internal Revenue Douglas H. Shulman before the National Press Club IRS FY 2013 Budget Proposal Summary FS-2012-10, February 2012 — The Administration’s fiscal year (FY) 2013 budget request for the IRS is approximately $12.8 billion, a $944.5 million increase (8%) over the FY 2012 enacted level but only a $639.3 million increase (5.3%) from the level enacted for FY 2011. |
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IRS Offshore Programs Produce $4.4 Billion To Date for Nation’s Taxpayers; Offshore Voluntary Disclosure Program Reopens IR-2012-5, Jan. 9, 2012 — The IRS reopened the offshore voluntary disclosure program to help people hiding offshore accounts get current with their taxes and announced the collection of more than $4.4 billion so far from the two previous international programs. Information for U.S. Citizens or Dual Citizens Residing Outside the U.S. FS-2011-13, December 2011 – This fact sheet summarizes information about federal income tax return and FBAR filing requirements for dual citizens in Canada, the United Kingdon and other countries. FAQs on New Payment Card Reporting Requirements The IRS is providing special transitional relief to banks and other payment settlement entities required to begin reporting payment card and third-party network transactions on new Form 1099-K. The American Recovery and Reinvestment Act of 2009: Information Center Update on the new economic stimulus legislation. PTIN Requirements for Tax Return Preparers Regulations require all paid tax return preparers to obtain a PTIN. Preparers must renew their PTIN each year by December 31. Some preparers will also soon need to pass a competency test and take continuing education courses. The “What Ifs” for Struggling Taxpayers Here are some “What if” scenarios and the possible tax impact. Tax Benefits for Education: Information Center There is a variety of tax breaks available to assist with the expense of higher education. Commissioner's Comments, Statements and Remarks IRS Commissioner Doug Shulman discusses a range of tax administration issues. Compliance & Enforcement News A collection of recent news releases, statements and other items related to IRS compliance and enforcement efforts. 2012 and Prior Year Filing Season Statistics Find tax filing season statistics showing cumulative and comparative totals from the current filing season and from 2010. |
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Page Last Reviewed or Updated: May 22, 2012