IRS Reminds Taxpayers About Requirement of Written Acknowledgment for Donated Cars IR-2005-149, Dec. 22, 2005— IRS officials today reminded taxpayers that they must obtain a charity’s written acknowledgment of their vehicle donation before they claim a deduction for the donation. Lois G. Lerner Selected as Director of IRS Exempt Organizations Division IR-2005-148, Dec. 22, 2005 — Lerner had been the director of the Exempt Organizations Rulings & Agreements Division. IRS Issues Fall 2005 Statistics of Income Bulletin IR-2005-147, Dec. 21, 2005 — The Bulletin contains an in-depth look at the 130.4 million individual income tax returns filed for tax year 2003. IRS Releases Schedule M-3 for Partnerships IR-2005-146, Dec. 20, 2005 — The IRS today released draft Schedule M-3 and instructions for certain partnerships that file Form 1065. IRS Warns of Questionable Deductions for Donated Vehicles IR-2005-145, Dec. 20, 2005 — IRS officials announced today that the IRS will not recognize certain deductions that taxpayers may be claiming relating to donated vehicles sold at auction. IRS to Raise Some User Fees in 2006 IR-2005-144, Dec. 19, 2005 — Increases to affect a limited population of taxpayers and tax-exempt entities with technical or procedural issues. IRS Extends Transition Relief to Partnerships and Pass-Thru Entities Under New Code Section IR-2005-143, Dec. 16, 2005— The IRS and the Treasury Department today extended for a year limited transition relief for certain property held by partnerships and other pass-thru entities that are subject to Section 470. IRS Issues Guidance on Investments by Mutual Funds in Commodity-Index Contracts IR-2005-142, Dec. 16, 2006, Provides guidance to mutual funds about the affects on their tax preferred status of receiving income from commodity-index derivative contracts. IRS Releases Schedules M-3 for Insurance and S Corporations IR-2005-141, Dec. 13, 2005 — The Internal Revenue Service today released draft Schedules M-3 and instructions for corporations that file Forms 1120PC, 1120L and 1120S. No Change in Interest Rate for First Quarter 2006 IR-2005-140, Dec. 8, 2005 — Seven percent remains the rate for most underpayments and overpayments for the first quarter of 2006. IRS Issues Proposed Regulations to Safeguard Taxpayer Information IR-2005-139, Dec. 7, 2005 — Preparers may not disclose or use tax return information for purposes other than return preparation without the consent of the taxpayer. IRS Announces 2006 Standard Mileage Rates IR-2005-138, Dec. 2, 2005 — The IRS has issued the optional standard mileage rates for 2006. News release and fact sheet archive Find previous year news releases and fact sheets from 1997 through last month.
