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Interest Rates Remain the Same for the Second Quarter of 2010

IRS | February 26, 2010

WASHINGTON — The Internal Revenue Service today announced that interest rates for the calendar quarter beginning April 1, 2010, will remain the same. The rates will be:

  • four (4) percent for overpayments [three (3) percent in the case of

IRS Revenue Ruling 2010-09

IRS | February 26, 2010

Revenue Ruling 2010-09 announces the rates of interest.

Revenue Ruling 2010-09 will appear in Internal Revenue Bulletin No. 2010-13, dated March 29, 2010.

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IRS Notice 2010-23

IRS | February 26, 2010

Notice 2010-23 provides FBAR filing relief for some persons with signature authority and who own commingled funds.  The Notice also modifies and supplements Notice 2009-62.

Notice 2010-23 will be published in Internal Revenue Bulletin 2010-11, on March 15, 2010.

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IRS Announcement 2010-16

IRS | February 26, 2010

Announcement 2010-16 temporarily suspends, for persons who are not United States citizens, United States residents or domestic entities the requirement to file Form TD F 90-22.1, Report of Foreign Bank and Financial Accounts (FBAR), for the 2009 and earlier calendar…

Free Tax Assistance for Members of the Military

IRS | February 26, 2010

The IRS wants military members and their spouses to know they may be eligible to receive free tax return preparation assistance. The U.S. Armed Forces participates in the Volunteer Income Tax Assistance program and provides free tax advice, tax preparation,…

Seven Things You Should Know About Checking the Status of Your Refund

IRS | February 25, 2010

Are you expecting a tax refund from the Internal Revenue Service this year? If so, here are seven things you should know about checking the status of your refund once you have filed your federal tax return.

1. Online Access

Four Facts Every Parent Should Know about Their Child’s Investment Income

IRS | February 24, 2010

The IRS wants parents to be aware of the tax rules that affect their children’s investment income. The following four facts will help parents determine whether their child’s investment income will be taxed at the parents’ rate or the child’s…

Five Tips About the First-Time Homebuyer Credit Documentation Requirements

IRS | February 23, 2010

Claiming the First-Time Homebuyer Tax Credit on your 2009 tax return might mean a larger refund but it can seem complex. Are you confused about the documentation requirements? The IRS recognizes that the settlement documents can vary from location to…

Five Tips for Taxpayers Making a Move

IRS | February 23, 2010

The IRS offers five tips for taxpayers who have moved or are about to move.  If you’ve changed your home or business address, make sure you update that information with the IRS to ensure you receive any refunds or correspondence…

IRS Notice 2010-22

IRS | February 19, 2010

Notice 2010-22 provides for the allocation of the national limitation for qualified zone academy bonds among the States, the District of Columbia, and the possessions of the United States.

Notice 2010-22 will be in IRB 2010-10 dated March 08, 2010.…

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