| IR-90-155 |
Dec. 20, 1990 |
| State, Local Governments Under New Social Security & Medicare Taxes |
| Soon over two million state and local government employees not currently covered by a retirement system will be subject to social security and medicare taxes. This means that state and local government employers will be subject to the employer's matching portion of social security and medicare tax. |
| IR-90-153 |
Dec. 26, 1990 |
| IRS Unveils 1990 Tax Forms |
| The Internal Revenue Service today announced the annual mailout of tax packages and explained that changes to the Form 1040A will allow up to 4.5 million taxpayers -- mostly those with retirement income -- to file the simpler form rather than the long Form 1040. |
| IR-90-152 |
Dec. 14, 1990 |
| IRS Announced 1991 Indexed Tax Rate Tables |
| The IRS today announced the 1991 inflation adjusted income tax rate tables and the standard deduction, personal exemption, and earned income credit amounts. |
| IR-90-151 |
Dec. 14, 1990 |
| IRS Announced 1991 Standard Mileage Rates |
| The Internal Revenue Service today announced that final regulations providing guidance to employers and employees on the tax treatment of employee business expenses under a reimbursement or other expense allowance arrangement will be published in the Federal Register on Monday, December 17, 1990. These final regulations reflect changes to the law made by the Family Support Act of 1988. These regulations also provide guidance to employees regarding the deduction of business expenses. |
| IR-90-150 |
Dec. 14, 1990 |
| IRS Won't Impose Penalties in Good Faith Efforts |
| The Internal Revenue Service released regulations today concerning the need to withhold tax on certain travel advances or reimbursements and make reports to employees on Forms W-2. The IRS said that where substantial and good faith efforts have been made to comply with requirements of temporary regulations that became effective July 1, 1990, the IRS will not impose penalties for failures to withhold and pay employment taxes or failure to properly report advances or reimbursements. |
| IR-90-148 |
Dec. 6, 1990 |
| Desert Shield Troops Have Tax Filing Extension |
| Military personnel assigned to Operation Desert Shield in the Mideast will have at least until June 14, 1991, to file and pay any balance of tax shown on their 1990 tax returns. |
| IR-90-147 |
Dec. 5, 1990 |
| Advisory Group to Meet |
| The Internal Revenue Service Commissioner's Advisory Group will meet at the National Office; 1111 Constitution Avenue, NW, Washington, DC, on December 12 and 13. |
| IR-90-146 |
Dec. 4, 1990 |
| IRS & NTEU Recognize Quality Achievements |
| During the three years it has been tested in the San Francisco district, "one-stop account service" has allowed that Internal Revenue Service district to resolve over 80 percent of taxpayers' account-related inquiries the same day and has saved the IRS almost $1.2 million. At the Austin Service Center, improvements in procedures for assessing estimated tax penalties have saved $1.6 million a year. |
| IR-90-143 |
Nov. 27, 1990 |
| Taxpayers Owed Millions, IRS Says |
| How would you like an extra $569 for shopping or paying bills? That's the average amount owed to the 72,000 taxpayers who haven't yet claimed their 1989 federal income tax refunds. |
| IR-90-142 |
Nov. 21, 1990 |
| Tax Considerations & Advice for Taxpayers in the Mideast |
| The Internal Revenue Service today provided guidance, in the form of answers to frequently-asked questions, on tax issues of concern to military reservists and others affected by recent events in the Middle East. |
| IR-90-140 |
Nov. 13, 1990 |
| IRS Publication Describes New System Used to Answer Taxpayers Questions |
| A new computerized system to improve the accuracy of IRS responses to taxpayers' technical tax questions is described in the 1990 edition of the Internal Revenue Service publication, "Trend Analyses and Related Statistics." |
| IR-90-138 |
Oct. 30, 1990 |
| 1986 Tax Reform Act Changes Available |
| Taxable income decreased by 5 percent while total income tax increased by 0.5 percent in 1987. These and other statistical data regarding individual income tax returns and the effect of the 1986 Tax Reform Act are published in the Statistics of Income - 1987, Individual Income Tax Returns annual report. |
| IR-90-137 |
Oct. 26, 1990 |
| Interest Rates for the Quarter to Remain at Ten Percent |
| The IRS today announced that interest rates for the calendar quarter beginning January 1, 1991, will remain at ten percent for overpayments and eleven percent for underpayments. |
| IR-90-135 |
Oct. 25, 1990 |
| Office of Contracts & Acquisitions Reorganized |
| The IRS is reorganizing its office of contracts and acquisitions to meet anticipated procurement needs for tax system modernization that will involve capital expenditures of up to $6 billion over the next decade. |
| IR-90-134 |
Oct. 23, 1990 |
| Devlin Named as Director of the Information Reporting Program |
| The IRS has named John F. Devlin to the new position of director of the information reporting program. The information reporting program is the primary way the IRS verifies the accuracy of the 100 million returns filed each year. |
| IR-90-128 |
Oct. 15, 1990 |
| Commercial Passenger Ships to Pay A New Excise Tax |
| Many operators of commercial passenger ships and boats will soon have to file a tax return and pay a new excise tax, the IRS said today. The tax for the first three quarters of 1990 is due Nov. 30, 1990. |
| IR-90-125 |
Oct. 3, 1990 |
| Undercover Investigation Uncovers Money Laundering |
| Fifteen individuals, five automobile dealerships and two insurance company agencies were charged with money laundering, cash reporting and mail fraud violations in complaints unsealed today in federal court in Manhattan. |
| IR-90-124 |
Oct. 2, 1990 |
| Taxpayers to Provide Correct Taxpayer Identification Numbers (TINs) |
| About 2 million taxpayers nationwide will soon be asked to provide correct taxpayer identification numbers (TINs) to those who pay them interest, dividends, rents, royalties, non-employee compensation and brokerage transactions. |
| IR-90-121 |
Sept. 20, 1990 |
| Suspension of Tax Examination for Citizens Detained in Iraq & Kuwait |
| The IRS is extending its policy of providing administrative relief to taxpayers in hostage situations by suspending tax examination and collection actions involving U.S. citizens detained in Iraq and Kuwait. To implement the relief police IRS needs to hear form family members of hostages. |
| IR-90-120 |
Sept. 19, 1990 |
| Seventeen Volunteer Individuals & Organizations Honored |
| The IRS today honored 17 individuals and organizations that have made exceptional contributions to volunteer programs to help taxpayers. |
| IR-90-111 |
Aug. 4, 1990 |
| Agreement for Simultaneous Examinations of Tax Returns Between the United States & Mexico |
| The IRS today announced a formal working arrangement covering simultaneous examinations of tax returns between the United States and Mexico. |
| IR-90-107 |
Aug. 21, 1990 |
| New Instructions to Help Detect Potentially Abusive Transactions |
| The IRS today issued new instructions to its examiners to help them detect potentially abusive transactions in which charitable organizations buy or sell health care facilities financed with tax exempt bonds. |
| IR-90-103 |
Aug. 15, 1990 |
| Interest Payments Cut Almost in Half |
| Improved processing of individual income tax returns in 1990 made it possible for the IRS to cut almost in half interest payments on refunds for tax returns that could not be processed within 45 days of the filing deadline. |
| IR-90-102 |
Aug. 13, 1990 |
| Spring 1990 Statistics of Income Bulletin Available |
| The most recent income and tax statistics are available in the Spring 1990 issue of the Internal Revenue Service quarterly publication, The Statistics of Income Bulletin. |
| IR-90-101 |
Aug. 13, 1990 |
| Interest Rates for the Quarter Announced |
| The IRS today announced that interest rates for the calendar quarter beginning October 1, 1990, will remain at ten percent for overpayments and eleven percent for underpayments. |
| IR-90-99 |
Aug. 10, 1990 |
| Commissioner's Advisory Group to Meet |
| The IRS Commissioner's Advisory Group will meet at the National Office; 1111 Constitution Ave. N.W.; Washington, D.C.; on August 29 and 30. |
| IR-90-97 |
July 31, 1990 |
| Agreement Announced for the Simultaneous Examination of Tax Returns Between the United States & Korea |
| The IRS today announced the signing of a formal working arrangement covering simultaneous examination of tax returns between the United States and Korea. |
| IR-90-96 |
July 19, 1990 |
| Applicable Federal Interest Rates Announced |
| The IRS today announced the applicable federal interest rates, the adjusted applicable federal interest rates, the adjusted federal long-term rate, the adjusted federal long-term tax exempt rate , and the low-income housing credit appropriate percentages for August 1990. |
| IR-90-95 |
July 16, 1990 |
| 1990 Tax Forms & Tax Table Available |
| The IRS today released for public comment advance copies of the major individual income tax forms and the tax table and rat schedules for 1990. Although legislation did not require extensive revisions to the 1990 tax forms, the IRS has made changes to Form 1040A to simplify filing of millions of taxpayers. |
| IR-90-93 |
July 2, 1990 |
| Brand Named New Assistant Commissioner |
| Philip G. Brand is the new assistant commissioner for taxpayer services for the IRS. |
| IR-90-87 |
June 6, 1990 |
| Notices About Missing Taxpayer Identification Numbers Go Out |
| Many banks and financial institutions will soon be getting notices from the IRS about information returns they filed for 1988 that were mission taxpayer identification numbers (TINs) or had TINs that did not match those in IRS records. |
| IR-90-84 |
May 29, 1990 |
| Unique Filing Considerations for U.S. Taxpayers Living Abroad |
| The filing season is not yet over for U. S. taxpayers living overseas, but with their June 15 deadline rapidly approaching, the IRS suggests they review tax considerations unique to filing from abroad. |
| IR-90-81 |
May 17, 1990 |
| Quarterly Interest Rates to Remain the Same |
| The IRS today announced that interest rates for the calendar quarter beginning July 1, 1990, will remain at ten percent for overpayments and eleven percent for underpayments. |
| IR-90-78 |
May 10, 1990 |
| Computer Software for Form 5307 Users Available |
| Computer software to generate certain forms for employee plan applications is now available to tax practitioners from the IRS. |
| IR-90-77 |
May 10, 1990 |
| New Pension Regulations Revealed |
| Four sets of proposed pension regulations affecting all qualified retirement plans will simplify the legal and administrative requirements that apply to qualified [plans, the IRS said today. |
| IR-90-73 |
May 1, 1990 |
| Crouch Named Director of the Internal Security Division |
| Douglas C. Crouch is the new director of the internal security division in the office of the chief inspector of the IRS. |
| IR-90-72 |
April 25, 1990 |
| Kern Named IRS Chief Inspector |
| IRS Commissioner Fred T. Goldberg, Jr. today announced a change in the title of the executive position responsible for internal audit and internal security programs. |
| IR-90-67 |
April 12, 1990 |
| Contract Awarded to the National Academy of Sciences |
| The Internal Revenue Commissioner announced a contract award to the National Academy of Sciences for an independent review of the IRS information systems modernization effort. |
| IR-90-65 |
April 12, 1990 |
| Only A Few Days Left to File |
| If you haven't filed your 1989 federal income tax return yet, you have only a few days left before this year's due date of April 16. And you're not alone. |
| IR-90-63 |
April 10, 1990 |
| U.S. Taxpayers Living Overseas Must Still File by April 16 |
| The IRS today advised overseas U.S. taxpayers that the Monday, April 16 due date for submission of U. S. federal income tax returns or tax payments is not extended due to the observance of holidays in many foreign countries. |
| IR-90-61 |
April 5, 1990 |
| To Receive an Extension, a Form 4868 Must be Filed |
| There are less than two weeks left before the 1990 tax filing season ends on April 16, and many taxpayers who have not yet filed may be thinking about getting an extension of time to file their returns. |
| IR-90-60 |
April 3, 1990 |
| Warning Regarding Charitable Organizations |
| The IRS today warned against several potentially abusive transactions in which charitable organizations purchase or sell health care facilities financed with tax exempt bonds. |
| IR-90-58 |
March 29, 1990 |
| Penalties for Late Filing of Form 5471 |
| Taxpayers required to file Form 5471, Information Return with Respect to a Foreign Corporation, will be subject to penalties for filing late or incomplete forms under a new assessment procedure. |
| IR-90-57 |
March 28, 1990 |
| IRS Has Received Half of Expected Returns |
| The IRS, which continues to receive and process 1989 federal income tax returns ahead of last year's place, has now received half of the 111 million returns it expects this year. |
| IR-90-55 |
March 27, 1990 |
| IRS Will Not Follow the Option in Soliman Versus Commissioner |
| The IRS today said it will not follow the opinion in Soliman vs. Commissioner (94 T.C. No. 3, January 19, 1990). |
| IR-90-48 |
March 15, 1990 |
| Revenue Ruling Regarding the Dutch Auction Rate Issued |
| The IRS today issued a revenue ruling holding that "Dutch auction rate" preferred stock is equity rather than debt to both issuer and holders for federal tax purposes. |
| IR-90-44 |
March 14, 1990 |
| Be Sure to Inform the IRS of Any Change of Address |
| Thousands of American taxpayers are on the move, but unfortunately they are leaving behind their tax refunds because the IRS does not have their new address. |
| IR-90-43 |
March 14, 1990 |
| Taxpayers Can Designate One Dollar of Their Taxes to Help Fund Presidential Elections |
| The IRS today reminded taxpayers who have not yet filed their federal income tax returns that they can designate one dollar of their tax to help fund presidential elections by checking a special box on their tax forms. |
| IR-90-39 |
March 1, 1990 |
| New Schedule for User Fees Announced |
| The IRS today announced a new schedule of user fees for requests for private letter rulings and determination letters. |
| IR-90-35 |
Feb. 28, 1990 |
| Tips for Last Minute Filers |
| As taxpayers to file their Federal income tax returns ahead of last year's pace, the Internal Revenue Service offered some tips, based on a survey of returns filed so far, to those who have not sent in their returns. |
| IR-90-34 |
Feb. 23, 1990 |
| Tax Help for U.S. Taxpayers Living Overseas |
| With U.S. Federal income tax returns due June 15, IRS Assistors will visit 110 cities in 73 countries throughout the world to bring tax help to thousands of U.S. taxpayers living overseas. |
| IR-90-33 |
Feb. 22, 1990 |
| Number of Returns Up Almost Six Percent |
| More taxpayers are filing their federal income returns earlier this year than last year, and the IRS is processing them faster. |
| IR-90-27 |
Feb. 15, 1990 |
| More Taxpayers Are Filing Their Returns Earlier |
| More taxpayers are filing their federal income tax returns earlier this year than they did last year, more of them are getting refunds, and the refunds are larger too. |
| IR-90-21 |
Feb. 7, 1990 |
| Interest Rates for the Quarter to Remain the Same |
| The IRS today announced that interest rates for the calendar quarter beginning April 1, 1990, will remain at ten percent for overpayments and eleven percent for underpayments. |
| IR-90-20 |
Feb. 6, 1990 |
| New Guidelines for Charities That Provide Token Benefits |
| New guidelines on the deductibility of contributions to charities that provide token benefits to contributors were announced today by the IRS. |
| IR-90-19 |
Feb. 5, 1990 |
| Taxbreak 1990 to Air on February 11 |
| It's that time of year again. You know it has to be done, but it's hard to get started on your federal income tax return. The IRS recommends you begin by watching some television. |
| IR-90-18 |
Feb. 1, 1990 |
| Shashy to Be Chief Counsel of the IRS |
| Abraham N.M. (Hap) Shashy Jr. was confirmed by the U.S. Senate on January 30, 1990 to be Chief Counsel of the IRS. |
| IR-90-16 |
Jan. 31, 1990 |
| 100,000 Taxpayers Have Already Received Their Refunds |
| Only a few weeks into the tax filing season, 100,000 taxpayers already have received their refunds on their 1989 federal income tax returns. |
| IR-90-15 |
Jan. 30, 1990 |
| IRS Announced Cost-of-Living Adjustment to Limits on Benefit Pension Plans |
| The IRS today announced cost-of-living adjustments applicable to dollar limitations on benefits under qualified defined benefit pension plans and to other provisions affecting such plans. |
| IR-90-14 |
Jan. 1, 1990 |
| Fall 1989 Statistics of Income Bulletin Available |
| The latest income and tax statistics have been published in the IRS Fall 1989 Statistics of Income Bulletin. |
| IR-90-13 |
Jan. 29, 1990 |
| IRS Electronic Filing System Available in All 50 States |
| With Forms W-2, Wage and Tax Statements, due to employees by the end of January, millions of taxpayers will be submitting their federal tax returns in the next few weeks. This year, the IRS suggests they consider an alternative to mailing in their paperwork -- they should file by computer. |
| IR-90-12 |
Jan. 25, 1990 |
| Publications for Military Personnel & Students |
| Two specially designed IRS publications are now available, one for military personnel and one for high school and college students. The new publications focus on the special tax situations and question of concern to these taxpayers. |
| IR-90-11 |
Jan. 24, 1990 |
| Taxpayers Should Check Their W-2 Forms for Business Travel Reimbursements |
| Some employees who received reimbursement for business travel may need to claim a deduction on their 1989 tax returns for reimbursements that did not need to be, but were, included in income on their Forms W-2. Notice 90-14 outlining the conditions and procedures for claiming an adjustment on 1989 tax returns for unnecessary W-2 reporting of employee business expense reimbursements is attached. |
| FS-90-08 |
Dec. 26, 1990 |
| Some Help in Getting Refunds Quicker, With Less Hassle |
| Taxpayers are eager to get their refunds. Sometimes they are so eager, they concern themselves mostly with the bottom line -- finding their tax in the tax table. They speed through the information at the top of the return not realizing how important it is in determining their correct tax. Along the way, taxpayers sometimes make mistakes. In fact, many of the most frequent mistakes taxpayers make have to do with information on these lines -- filing status, exemptions, standard deductions and the earned income credit. |
| FS-90-07 |
Dec. 26, 1990 |
| Tax Time 1991 |
| Starting December 28 about 108 million tax packages and postcards will be delivered in the mail to taxpayers. For the second year in a row taxpayers will have relatively few law changes to tackle so the IRS is expecting another smooth filing season. One big change should benefit 4.5 million taxpayers who can now file the more simple Form 1040A. Topics: Revised Form 1040A for Taxpayers with Retirement Income; Separate Form 1040EZ Tax Package; Highlights of Other 1990 Changes; Electronic Tax Filing; Filing 1990 Tax Returns; Postcards; Developing the Tax Packages; and Obtaining Additional Tax Forms. |
| IR-90-06 |
Jan. 10, 1990 |
| 1986 Corporation Income Tax Returns Publication Available |
| Total U.S. corporate assets reached about $14 trillion in 1986, an 11-percent increase over the previous year. Total corporate income tax remained a $111 billion from 1985 to 1986, according to the just published 1986 Corporation Income Tax Returns publication. Approximately 3.4 million corporations filed federal income tax returns for 1986, a 4.6-percent increase from 1985. |
| IR-90-02 |
Jan. 1, 1990 |
| Interest on 1990 Savings Bonds May Be Tax Free |
| Beginning in 1990 interest on newly purchased series EE United States savings bond may be tax free if the proceeds from the bonds are used to pay college tuition. Notice 90-7, containing more information is attached. |
