2006 Inflation Adjustments Widen Tax Brackets, Change Tax Benefits IR-2005-130, Oct. 28, 2005 — The IRS has issued the 2006 inflation-adjusted amounts relating to numerous tax provisions. IRS Launches Abusive Transaction Settlement Initiative IR-2005-129, Oct. 27, 2005 — Internal Revenue Service officials today announced a broad-based, limited-in-time opportunity for taxpayers to come forward and settle an array of transactions the IRS considers abusive. Tax Relief Granted for Hurricane Wilma Victims IR-2005-128, Oct. 27, 2005 — Deadlines for affected taxpayers to file returns, pay taxes and perform some other time-sensitive acts have been postponed to Feb. 28, 2006. Dyed Diesel Fuel Penalty Waived in Florida Due to Hurricane Wilma IR-2005-127, Oct. 26, 2005 — The IRS will not impose an excise tax penalty on dyed diesel fuel in Florida because of fuel shortages caused by Hurricane Wilma. IRS and Free File Alliance Reach Agreement IR-2005-126, Oct. 25, 2005 — IRS and Free File Alliance announced new, four-year agreement to extend access to free tax software and IRS e-file. IRS Looking for More Than 84,000 Owners of Undelivered Refunds IR-2005-125, Oct. 25, 2005 — Checks totaling approximately $73 million can be reissued as soon as taxpayers correct or update their addresses with the IRS. IRS Seeks Applications for TE/GE Advisory Committee 2005 IR-2005-124, Oct. 25, 2005 — The IRS is now accepting applications for vacancies on the Tax Exempt and Government Entities Advisory Committee. Dyed Diesel Fuel Penalty Relief Set to Expire IR-2005-123, October 21, 2005 — The IRS will not extend penalty relief beyond Oct. 25, 2005, for diesel fuel that is dyed to IRS standards and removed from a terminal after that date. Tax Favored Treatment for Early Distributions from IRAs and other Retirement Plans for Victims of Hurricane Katrina IR-2005-122, Oct. 17, 2005 — New Law provides tax favored treatment of certain early distributions from retirement plans for victims of Hurricane Katrina. Tool for Private Foundations Available IR-2005-121, Oct. 17, 2005 — The Internal Revenue Service today launched a new Web-based information tool for private foundations. IRS Announces Pension Plan Limitations for 2006 IR-2005-120, Oct. 14, 2005 — The Internal Revenue Service today announced cost-of-living adjustments applicable to dollar limitations for pension plans and other items for tax year 2006. Tax Law Eases Loss Limitations for Katrina Victims IR-2005-119, Oct. 11, 2005 — The IRS today is advising taxpayers about a new law that lifts certain loss limitations for Hurricane Katrina victims. Treasury Department, IRS Extend Dyed Diesel Fuel Penalty Relief through Oct. 25 IR-2005-118, Oct. 6, 2005 — Penalty relief for dyed diesel fuel sold for use or used on the highway is further extended. Oct. 17, 2005 Tax Deadline Approaches For Extension Filers IR-2005-117, Oct. 5, 2005 — Taxpayers who received an additional extension in August should file their returns by Oct. 17. IRS Summer Statistics of Income Bulletin Features Corporation Returns and Nonfarm Sole Proprietorships IR-2005-116, Oct. 4, 2005 — The summer 2005 SOI Bulletin contains articles and statistics on corporations, nonfarm sole proprietorships, foreign-controlled corporations, foreign trusts, tax-exempt governmental bonds, estates of decedents and more. IRS Warns Consumers of Possible Scams Relating to Hurricane Katrina Relief IR-2005-115, Oct. 3, 2005 – Consumers should protect themselves against possible scams that have cropped up in the wake of Hurricane Katrina. IRS reaches agreement with Doctors Benefit Insurance Company, LTD IR-2005-114, Oct. 3, 2005 — The Internal Revenue Service announced today that it has reached an agreement with Doctors Benefit Insurance Company, Ltd. (“DBIC”), assignee of xélan Insurance Company Limited. News release and fact sheet archive Find previous year news releases and fact sheets from 1997 through last month.
