News Releases for November 2009

IR-2009-109, Nov. 24, 2009 — The IRS today announced the release of the fall 2009 issue of the Statistics of Income Bulletin, featuring data on 143 million individual income tax returns filed for tax year 2007.

IR-2009-108, Nov. 24, 2009 — Maximum credit remains at $8,000. Long-time residents can qualify for up to $6,500.

IR-2009-107, Nov. 23, 2009 — Interest rates for the quarter beginning Jan. 1, 2010, remain the same as in the prior quarter.

IR-2009-106, Nov. 23, 2009 — The IRS issued proposed regulations under a new statute requiring that, starting with transactions in calendar year 2011, the gross amount of payment card and third-party network transactions be reported annually to participating merchants and the IRS.

IR-2009-105, Nov. 20, 2009 — Most businesses may use losses incurred during the economic downturn to reduce income from prior tax years, under a revenue procedure issued today by the IRS.

IR-2009-104, Nov. 10, 2009 — The IRS awarded nearly $8 million in matching grants to support its Volunteer Income Tax Assistance program.

IR-2009-103, Nov. 10, 2009 — Tax professionals can hear first hand from their colleagues and e-mail questions to the Internal Revenue Service about the benefits of IRS e-file during a free Nov. 18 webinar, “E-file: Building the Case, A Panel Discussion with Tax Professionals.”

IR-2009-102, Nov. 9, 2009 — The Internal Revenue Service announced the selection of four new members and a Chairman for the Electronic Tax Administration Advisory Committee (ETAAC). The Treasury Department and the IRS Commissioner have approved the new members to serve a three-year term beginning October 2009 and ending October 2012.

IR-2009-101, Nov. 5, 2009 — The IRS is looking for taxpayers who are due a combined $123.5 million in 107,831 refund checks that were returned due to mailing address errors.

IR-2009-100, Nov. 3, 2009 — The IRS is seeking applications for vacancies on the Advisory Committee on Tax Exempt and Government Entities (ACT).

IR-2009-99, Nov. 2, 2009 — 95 million individuals e-filed in 2009. More than 30 million individuals filed from their home computers, up 20 percent from the prior year.

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