Month: June 2011

IRS Increases Mileage Rate to 55.5 Cents per Mile

WASHINGTON — The Internal Revenue Service today announced an increase in the optional standard mileage rates for the final six months of 2011. Taxpayers may [...]

IRS E-Filers Pass 1bn

The electronic filing programme of the United States Internal Revenue Service (IRS) has reached a major milestone as it passed the one billion mark for [...]

IRS Unable To Control Motor Vehicle Deductions

The United States Internal Revenue Service (IRS) cannot verify whether individuals claiming a Qualified Motor Vehicle (QMV) deduction are entitled to the [...]

IRS Announces Low Income Taxpayer Clinic Grant Recipients

WASHINGTON –– The Internal Revenue Service has awarded nearly $10 million in matching grants to Low Income Taxpayer Clinics (LITCs) for the 2011 grant [...]

IRS Identifies Organizations that Have Lost Tax-Exempt Status – Special Steps Announced to Help Revoked Groups

The Internal Revenue Service today announced that it has released a listing of  approximately 275,000 organizations that under the law have automatically lost [...]

Eight Facts on Penalties

When it comes to filing a tax return – or not filing one - the IRS can assess a penalty if you fail to file, fail to pay or both. Here are eight important [...]