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Three in Four Taxpayers Unaware Of Tax Filing Delay Created by AMT Legislation

Although the IRS today confirmed a tax filing delay for millions of taxpayers claiming any of five popular credits related to AMT calculations, a survey conducted Dec. 18 to 20 for H&R Block (NYSE:HRB), the country’s largest tax preparation firm, revealed that a majority of taxpayers questioned were unaware of the potential tax filing delay created by the recent passage of the AMT legislation.

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IRS in search for refunds owed to taxpayers

People never have excess money, especially when the issue refers to ordinary tax payers, for whom even an insignificant sum may be of great use. The Internal Revenue Service (IRS) has introduced a list of tax payers who are owed a certain sum of money on its part.

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IRS: Closing Agreement Program for Forward-Float Agreements Used with Municipal Bonds

The Internal Revenue Service today (August 30) announced a new Voluntary Closing Agreement Program (VCAP) to address violations of federal tax law on arbitrage investment restrictions. The violations are related to non-fair market value purchases of forward-float investment agreements used in advance refundings of tax-exempt municipal bonds.

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GM Hybrids Still Qualify for Tax Credit

The Internal Revenue Service announced that purchasers of qualified General Motors Corp. hybrid vehicles may continue to claim the Alternative Motor Vehicle Credit.

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RS Warns of New E-mail Scam Offering Cash for Participation in “Member Satisfaction Survey”

The Internal Revenue Service today (August 28) issued a consumer alert regarding a new, two-step e-mail scam that falsely promises recipients they will receive $80 for participating in an online customer satisfaction survey.

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Corporate Use of e-File Up as Deadline Approaches

As the Sept. 17 deadline approaches for calendar year filers of corporate returns who filed for extensions, the IRS urges certain corporate filers to be aware of their obligation to file electronically.

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Phone Customers Can Still Request Excise Tax Refund

Telephone customers can still request this year’s one-time excise tax refund, according to the Internal Revenue Service.

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Treasury, IRS Issue Guidance on Transactions of Interest

The Treasury Department and the Internal Revenue Service today (August 14) issued two notices that identify as transactions of interest certain transactions involving “toggling” grantor trusts and certain transactions involving contributions of a successor member interest in a limited liability company.

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Honda FCX fuel cell hydrogen-powered car gets a for $12,000 tax credit from the IRS

The Honda FCX fuel cell-powered car, as the IRS (Internal Revenue Service) has approved that this hydrogen-powered Honda FCX will get a $12,000 tax credit.

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IRS New Rule Will Not Affect Teacher Salaries in Upcoming School Year

Moving to clear up confusion about a recent tax law change, the Internal Revenue Service today (August 7) reassured teachers and other school employees that new deferred-compensation rules will not affect the way their pay is taxed during the upcoming school year.

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Electronic Excise Tax Filing Is Coming

IRS Will Accept Paper Forms 2290 in Interim

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Mazda Vehicles Certified As Qualified Hybrid Vehicles

The Internal Revenue Service has acknowledged the certification by Mazda Motor of America, Inc., that several of its Model Year 2008 vehicles meet the requirements of the Alternative Motor Vehicle Credit as qualified hybrid motor vehicles.

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