1. Recovery Rebate Credit
If any of your clients did
not get the economic stimulus payment last year, they may be eligible for the recovery rebate credit. But chances are if they did get the economic stimulus payment, they can’t claim the recovery rebate credit on their 2008 federal income tax return. Get
quick links on IRS.gov to help you determine whether your clients qualify for the credit and how to claim it.
2. Taxpayers in Four States File with Different Centers
News release
IR-2009-7 announces that taxpayers in Delaware, Illinois, New York and Rhode Island who file paper income tax returns will send them to different processing centers this year.
3. Telephone Survey Begins
On Jan. 21, the IRS Small Business/Self-Employed division began conducting its
annual telephone survey of taxpayers who file certain income tax forms, including 1120, 1120A, 1120S, 1065 and 1040 with schedules C, E or F. Your small business clients may be randomly selected to participate and their opinions will help improve IRS services.
4. Tax Hints
The latest
Tax Hints issue is now available. Get ready for the filing season with these key messages from the IRS.
5. National Disaster Relief
Fact sheet
FS-2009-8 covers details about the National Disaster Relief Act of 2008 that provides tax relief for victims of federally declared disasters occurring after Dec. 31, 2007, and before Jan. 1, 2010.
6. Technical Guidance Notice 2009-15 sets forth the manner in which the Treasury Department and the IRS will determine and announce the credit rates for certain tax credit bonds for purposes of sections 54, 54A, 1400N(l), and similar provisions. It will be published in IRB 2009-6 dated Feb. 9, 2009.
Revenue Procedure 2009-16 supplements Rev. Proc. 2008-65, 2008-44 I.R.B. 1082, to provide additional guidance under section 3081 of the Housing and Economic Recovery Act of 2008. It will be published in IRB 2009-6 dated Feb. 9, 2009.
Source: IRS.gov
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