Internal Revenue Service officials announced on June 6th plans to launch a new National Research Program (NRP) reporting compliance study for individual taxpayers that will provide updated and more accurate audit selection tools and support efforts to reduce the nation's tax gap.

The application for requesting a reduced fee for entering into an installment agreement for the payment of federal taxes owed is available, the Internal Revenue Service announced on June 5th.

Internal Revenue Service Chief Counsel Donald L. Korb has selected Gregg D. Polsky as the 2007-2008 Professor in Residence.

Financial Records In Preparation for Hurricane Season

IRS Warns Taxpayers of New E-mail Scams

The Internal Revenue Service announced that purchasers of qualified Ford Motor Company vehicles may continue to claim the Alternative Motor Vehicle Credit.

The Internal Revenue Service announced the appointment of Terri McField to the position of Special Counsel to the Chief Counsel (Legislation) effective May, 29. She will be replacing Clarissa Potter who became the Deputy Chief Counsel in September 2006.

The Internal Revenue Service is seeking applicants from large businesses who file annual corporation or partnership returns for membership on the Electronic Tax Administration Advisory Committee (ETAAC).

The Internal Revenue Service's Advisory Committee on Tax Exempt and Government Entities (ACT) will hold a public meeting June 13, 2007, at 9 a.m. at 1111 Constitution Ave., N.W., Washington, D.C. At the public meeting, six ACT project teams will present recommendations to the IRS Commissioner and senior leadership of the IRS's Tax Exempt and Government Entities Division (TE/GE).

The Commissioners of the Australian, Canadian, United Kingdom and United States tax administrations have decided to open a second office of the Joint International Tax Shelter Information Centre (JITSIC) in London in fall 2007.

The Internal Revenue Service announced on May 23rd that it has reached a settlement with the law firm of Sidley AustinLLP,the successor firm of the merger in 2001 between Sidley & Austin and Brown & WoodLLP, which has paid a civil tax shelter promoter penalty of $39.4 million. The penalty stems from the firm's promotion of abusive tax shelters and a failure to comply with tax shelter registration requirements.

National Taxpayer Advocate Nina E. Olson announced on May 21st that the Internal Revenue Service has awarded almost $8 million in matching grants to Low Income Taxpayer Clinics (LITCs) for the 2007 grant cycle (Jan. 1, 2007, through Dec. 31, 2007).