News Releases for March 2005

IR-2005-40 — Bulletin includes an article on preliminary data from individual income tax returns for 2003.

IR-2005-39 — IRS e-file, direct deposits, and e-payments are ahead of the totals for this time last year. The Weekly Filing Season Statistics are attached.

IR-2005-38 — Findings show the nation’s annual tax gap increased slightly to between $312 billion and $353 billion.

IR-2005-37 — Abusive transaction aggressively marketed to wealthy individuals. Settlement required taxpayers to concede 100 percent of claimed tax losses.

IR-2005-36 — More taxpayers have Free Filed so far than for all of 2004. Filing Season Statistics attached.

IR-2005-35 — Popular service now offers a safe and easy way to trace refund checks and update a mailing address.

IR-2005-34 — Annual list of tips to help businesses, individuals and tax professionals avoid errors on Schedules K-1.

IR-2005-33 — Expansion meets high demand and requests from tax professionals to use online tools.

IR-2005-32, IRS e-file continues to show strong results, filing season statistics attached.

IR-2005-31 — Qualified housing interest includes interest paid on a mortgage that has been refinanced more than once.

IR-2005-30 — Text of speech delivered at National Press Club on March 15, 2005.

IR-2005-29 — IRS guidance establishes four classifications of truck body types that are excluded from retail excise tax.

IR-2005-28 — Increased funding allows the IRS to open a supplemental period for accepting LITC applications.

IR-2005-27 — The IRS issued guidance describing and rebutting frivolous arguments taxpayers should avoid when filing their tax returns.

IR-2005-26 — Clinics provide an important resource to taxpayers who may not be able to afford a tax professional.

IR-2005-25 — New provision addresses leases of property in sale-in, lease-out transactions involving tax-exempt entities.

IR-2005-24 — Taxpayers are taking advantage of e-file and direct deposit of tax refunds in record numbers.

IR-2005-23, March 7, 2005 — The IRS is encouraging business taxpayers, associations and other interested parties to submit tax issues for the Industry Issue Resolution (IIR) Program.

IR-2005-22 — Interest rates for underpayments and overpayements rise by one percentage point.

IR-2005-21 — As of Feb. 25, 2005, 74 percent of all individual returns were e-filed up from 69 percent for the same period last year.

IR-2005-20 — Competent Authorities of Austria and the United States reach mutual agreement.

Find previous year news releases and fact sheets from 1997 through last month.