IRS

Prepared Remarks Before Tax Analysts Conference on RRA '98

WASHINGTON, July 18, 2008 –– IRS Commissioner Doug Shulman: Good morning. I would like to thank Chris Bergin for the opportunity to be here today to discuss the IRS Restructuring and Reform Act. I greatly enjoyed my work on the Restructuring Commission, and it is a real pleasure to see here today so many familiar faces from that time – even if we all look a little older.    » read more »

Low-income people who are not normally required to file federal returns are reminded that they may be eligible for $300 or more in "stimulus payments" - but only if they file their taxes

March 28, 2008 -- New York City Mayor Bloomberg, the Internal Revenue Service, and the United Way of New York City are reminding recipients of Social Security payments and veterans' benefits, as well as low-income New Yorkers whose income does not require them to file taxes, that they may be eligible to receive $300 or more from this year's federal economic stimulus package-but only if they file federal tax returns.    » read more »

Office staff, IRS representative on-hand to answer questions, concerns

March 19, 2008 -- Whippany, NJ – Today, Senator Robert Menendez spoke to residents in Morris County, which included seniors and disabled veterans, about the forthcoming stimulus rebate checks, which will start being sent in May. The Economic Stimulus Package, signed into law on February 13, 2008, will provide millions of Americans with rebates ranging from $300 to $1,200 to provide a financial boost to Americans and the economy. Some 3.8 New Jerseyans are expected to receive $3.2 billion in rebates.    » read more »

March 18, 2008 -- Jefferson City, Mo. — Missouri Attorney General Jay Nixon says his office is getting consumer complaints about a familiar scam during tax time - con artists claiming to be from the Internal Revenue Service, asking for personal information.    » read more »

March 17, 2008, WASHINGTON — The Internal Revenue Service announced today that it will begin sending more than 130 million economic stimulus payments starting May 2. The initial round of weekly payments will be completed by early July.

The IRS also announced the availability of a new online calculator on IRS.gov to help people determine the amount of their stimulus payments.    » read more »

Feb. 25, 2008, WASHINGTON — The Internal Revenue Service announced the launch of a simple electronic filing system that small tax-exempt organizations may use to comply with a new law requiring them to file an annual return.    » read more »

Feb. 21, 2008, WASHINGTON — In addition to providing stimulus payments to individuals, the Economic Stimulus Act of 2008 provides incentives to businesses. These incentives include a special 50-percent depreciation allowance for 2008 purchases and an increase in the small business expensing limitation for tax years beginning in 2008.

50-Percent Special Depreciation Allowance    » read more »