IRS Digital Dispatch July 2, 2004
In this Issue: 1. July Tax Talk Today Focuses on Forms W-4, W-2, I-9 and 941 2. IRS to Disallow Improper Deductions for Conservation Easement Donations 3. IRS Issues New Publications on Car Donations 4. Recent Technical Guidance * * * * * 1. July Tax Talk Today Focuses on Forms W-4, W-2, I-9 and 941 The live webcast is scheduled for Tuesday, July 13, 2004 from 2 p.m. to 3 p.m. ET. During the program the IRS, the Social Security Administration, American Payroll Association, and the National Association of Tax Reporting and Payroll Management, will discuss the tools available to help employers get the correct information from their employees and provide it to the right agency. Topics will include SSN verification tools, the Questionable W-4 program, and the recently announced EFTPS FTD Penalty Refund program, avoiding "No Match" letters from Social Security, tax deposit penalties, and W-2 penalties. The redesigned Form 941, with plain English instructions and easy to understand format, will be unveiled. See: http://www.taxtalktoday.org/ 2. IRS to Disallow Improper Deductions for Conservation Easement Donations Treasury Department and the Internal Revenue Service have issued a notice to advise taxpayers that the IRS intends to disallow improper charitable contribution deductions for transfers of easements on real property to charitable organizations and for transfers of easements in connection with purchases of real property from charitable organizations. See: http://www.irs.gov/newsroom/article/0,,id=124485,00.html 3. IRS Issues New Publications on Car Donations The IRS has issued two new publications dealing with car donations as part of an effort to help taxpayers avoid potential pitfalls when they donate automobiles to charities. The first publication, Publication 4302, �A Charity�s Guide to Car Donations,� addresses issues that charities need to know to properly operate car donation programs. The second publication, Publication 4303, �A Donor�s Guide to Car Donations,� is focused on individuals who make such donations. See: http://www.irs.gov/newsroom/article/0,,id=124421,00.html 4. Recent Technical Guidance Revenue Procedure 2004-39 provides guidance to states and local governments that issue bonds to which section 142(d) of the Internal Revenue Code applies. It sets forth procedures for determining whether a qualified residential rental project is in compliance with the applicable set-aside requirements contained in section 142(d) during the qualified project period. See: http://www.irs.gov/pub/irs-drop/rp-04-39.pdf Revenue Procedure 2004-40 explains how to request an advance pricing agreement ("APA"), how such a request will be processed, and the effect and administration of APAs. See: http://www.irs.gov/pub/irs-drop/rp-04-40.pdf * * * * * --- If you know someone who might want to subscribe to this mailing list, please forward this message to them and they can send a blank e-mail to mailto:[EMAIL PROTECTED] in order to subscribe. --- This message was distributed automatically from the mailing list digitaldispatch. PLEASE DO NOT REPLY TO THIS MESSAGE. To unsubscribe from this list, send a blank email to mailto:[EMAIL PROTECTED] --- To subscribe to or unsubscribe from another list, please go to http://www.irs.gov/newsroom/index.html and click on 'e-News Subscriptions'. ------------------------ Yahoo! Groups Sponsor --------------------~--> $9.95 domain names from Yahoo!. Register anything. http://us.click.yahoo.com/J8kdrA/y20IAA/yQLSAA/BCfwlB/TM --------------------------------------------------------------------~-> Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/kumpulan/ <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
