Pages: 1, 2
IRS Announces New Director of Electronic Tax Administration
IRS Makes Improvements for 2001 filing season
With the introduction of self-select PIN (Personal Identification Number) to electronically sign your returns hence eliminating the need for a paper signature, IRS will be able to offer paperless filing for the first time. Taxpayer?s self-select PIN will be accompanied by their 2000 adjusted gross income and tax amounts...more
New National Taxpayer Advocate Named
Nina E. Olson founder of the Richmond, Virginia based community tax law project the first independent low-income taxpayer?s clinic in the United States, has been named as the next National Taxpayer Advocate. Charles O. Rossotti, IRS commissioner, shows a lot of faith in Ms. Olson calling her an "advocate for taxpayer rights."...more
Pre-Filing Agreements Made Permanent by IRS
Faced with the rising costs of gasoline in this country, IRS has decided to act on it. For 2001, IRS has decided to up the standard mileage rate to 34.5 cents a mile for business use of the car...more (December, 2000)
Tax Changes by the IRS for tax year 2001
Here are some Tax Changes by the IRS for tax year 2001. The changes are in keeping with the view that Americans are making more money now than the previous years. There are some tax breaks while on the other e income threshold subject to taxes has been increased. (December, 2000)
Eliminating Monthly Tax Deposits for Small Businesses
Small businesses with less than $2500 in employment taxes in a three-month period no longer have to make monthly deposits of those taxes. They can make them quarterly with form 941. Previously the threshold for employment taxes in a quarter was $1000...more (December, 2000)
First Quarter Interest Rates for 2001
IRS has released quarterly interest rates for the first quarter of 2001. Interest rates for overpayment remain at 9%; for corporations the rate is at 8%. Any corporate...more (December, 2000)
Standard Mileage Rates for 2001
Faced with the rising costs of gasoline in this country, IRS has decided to act on it. For 2001, IRS has decided to up the standard mileage rate to 34.5 cents a mile for business use of the car...more (December, 2000)
The "Community Renewal And New Markets Act Of 2000"
The House of Representatives has approved this bipartisan piece of legislation that will designate 40 "renewal communities" across the U.S. based on their poverty rate, unemployment rate, and median income, eight of which have to be in rural areas.
National Taxpayer Advocate is set to step down in the fall
Val Oveson, National Taxpayer Advocate plans to leave his post sometime this fall. He was the one given the job of overhauling this office after the IRS Reconstructing and Reform Act of 1998 was enacted by Congress...more
Comprehensive Case Resolution for large businesses
Comprehensive Case Resolution is the new pilot program being introduced by the IRS’ division for (Large and Mid-size businesses in) Appeals...more
Pre-Filing Agreements Made Permanent by IRS
The House of Representatives has approved this bipartisan piece of legislation that will designate 40 "renewal communities" across the U.S. based on their poverty rate, unemployment rate, and median income, eight of which have to be in rural areas.
National Taxpayer Advocate is set to step down in the fall
Val Oveson, National Taxpayer Advocate plans to leave his post sometime this fall. He was the one given the job of overhauling this office after the IRS Reconstructing and Reform Act of 1998 was enacted by Congress...more
Comprehensive Case Resolution for large businesses
Comprehensive Case Resolution is the new pilot program being introduced by the IRS’ division for (Large and Mid-size businesses in) Appeals...more
