Tax Press Releases

WASHINGTON –– The Internal Revenue Service will host the second in a series of public meetings  Wednesday, Jan. 25 to gather feedback on how to implement long-term changes to the tax system to reduce burden for taxpayers. IRS Commissioner Doug … Continue reading →

WASHINGTON — The Internal Revenue Service today announced the selection of five new members for the Information Reporting Program Advisory Committee (IRPAC). The new appointees will join 17 returning members who are in the second or third year of their … Continue reading →

WASHINGTON — The Internal Revenue Service opened the 2012 electronic tax return filing season today with a reminder to taxpayers that e-file remains the best way to get fast refunds and ensure accurate tax returns. IRS e-file has surpassed the … Continue reading →

WASHINGTON — The Internal Revenue Service today released a new set of tax gap estimates for tax year 2006. The tax gap is defined as the amount of tax liability faced by taxpayers that is not paid on time. The … Continue reading →

WASHINGTON — The Internal Revenue Service today released new proposed guidelines designed to provide relief to more innocent spouses requesting equitable relief from income tax liability. A Notice proposing a new revenue procedure, posted today on IRS.gov, revises the threshold … Continue reading →

WASHINGTON—The Internal Revenue Service and Treasury Department today published in the Federal Register temporary regulations that provide guidance to taxpayers on the treatment of amounts paid to acquire, produce or improve tangible property and regarding the accounting for, and dispositions … Continue reading →

WASHINGTON — The Internal Revenue Service today announced the selection of seven new members to the Internal Revenue Service Advisory Council (IRSAC), which provides an organized public forum for IRS officials and representatives of the public to discuss key tax … Continue reading →

WASHINGTON— Taxpayers can get the most out of various recovery tax benefits and get a jump on preparing their 2011 federal income tax returns by consulting a newly revised comprehensive tax guide now available on IRS.gov. Publication 17, Your Federal … Continue reading →