Monthly Archives: May 2010

Recent Legislation Offers Special Tax Incentives for Small Businesses to Provide Health Care, Hire New Workers

Videos HIRE Act: English Small Business Health Care Tax Credit: English WASHINGTON — In recognition of National Small Business Week, the Internal Revenue Service encourages small businesses to take advantage of tax-saving opportunities included in recently enacted federal legislation. A … Continue reading

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PREPARED REMARKS OF DOUGLAS H. SHULMAN COMMISSIONER OF INTERNAL REVENUE BEFORE THE AMERICAN PAYROLL ASSOCIATION & THE AMERICAN ACCOUNTS PAYABLE ASSOCIATION 28TH ANNUAL CONGRESS MAY 27, 2010 GAYLORD NATIONAL RESORT & CONVENTION CENTER WASHINGTON, DC

WASHINGTON — It’s an honor to be addressing The American Payroll Association’s and American Accounts Payable Association’s 28th Annual Congress. APA has a long history of providing valuable advice and feedback to the IRS as we have implemented a number … Continue reading

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IRS Advisory Committee on Tax Exempt and Government Entities To Submit Recommendations at June Meeting

WASHINGTON — The Internal Revenue Service’s Advisory Committee on Tax Exempt and Government Entities (ACT) will hold a public meeting on June 9 and submit its latest round of recommendations to the IRS Commissioner Doug Shulman and other senior executives. … Continue reading

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IRS Seeking Applications for Volunteer Tax Assistance Program Grants

WASHINGTON – The Internal Revenue Service will soon begin 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 … Continue reading

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Interest Rates Remain the Same For the Third Quarter of 2010

WASHINGTON – The Internal Revenue Service today announced that interest rates for the calendar quarter beginning July 1, 2010, will remain the same. The rates will be: four (4) percent for overpayments [three (3) percent in the case of a … Continue reading

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Form to Claim Payroll Tax Exemption for Hiring New Workers Now Available

WASHINGTON —The Internal Revenue Service has posted on its website the newly-revised payroll tax form that most eligible employers can use to claim the special payroll tax exemption that applies to many new workers hired during 2010. Designed to encourage … Continue reading

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IRS Offers Details on New Small Business Health Care Tax Credit

WASHINGTON — The Internal Revenue Service today issued new guidance to make it easier for small businesses to determine whether they are eligible for the new health care tax credit under the Affordable Care Act and how large a credit … Continue reading

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IRS Issues Spring 2010 Statistics of Income Bulletin

IRS Issues Spring 2010 Statistics of Income Bulletin WASHINGTON —The Internal Revenue Service today released the spring 2010 issue of the Statistics of Income Bulletin, which features data on high-income individual income tax returns filed for tax year 2007, gift … Continue reading

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IRS Names New Members to the Advisory Committee on Tax Exempt and Government Entities

WASHINGTON – The Internal Revenue Service today announced the selection of four new members to the Advisory Committee on Tax Exempt and Government Entities (ACT) for the term starting in 2010 and ending in 2012. The ACT is a formal … Continue reading

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Save Money, Sign Up Now for the 2010 IRS Nationwide Tax Forums

Videos: Tax Forum 2010 WASHINGTON — As the IRS Nationwide Tax Forums are about to begin, the IRS invites enrolled agents, certified public accountants, certified financial planners and other tax professionals to make their reservations for one of six forums … Continue reading

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