IRS Digital Dispatch Sept. 17, 2004
In this Issue: * * * * * 1. IRS Extends Tip Compliance Agreement Program 2. Nancy J. Marks Named Division Counsel/Associate Chief Counsel, TE/GE 3. Recent Technical Guidance * * * * * 1. IRS Extends Tip Compliance Agreement Program More than 15,000 employers have joined voluntary tip compliance program that was scheduled to have ended in 2005. The program was developed by the IRS in 1993 for the food and beverage industry. See: http://www.irs.gov/newsroom/article/0,,id=129379,00.html 2. Nancy J. Marks Named Division Counsel/Associate Chief Counsel, TE/GE The IRS has announced that Nancy J. Marks will lead an office of 160 professionals providing legal counsel and representation on exempt organizations and charities. See: http://www.irs.gov/newsroom/article/0,,id=129247,00.html 3. Recent Technical Guidance Announcement 2004-74 provides information regarding the suspension of tax exemption of the Al Haramain Islamic Foundation, Inc., of Ashland, Oregon, an organization designated as supporting or engaging in terrorist activity or supporting terrorism. See: http://www.irs.gov/pub/irs-drop/a-04-74.pdf Announcement 2004-77 amends Announcement 2004-70 to extend the penalty relief period for those selling dyed diesel fuel for non-tax exempt purposes through Sept. 24, 2004. Announcement 2004-70 was issued on Sept. 3 to provide penalty relief from Sept. 2 through Sept. 7, 2004 and was subsequently extended to Sept. 14. See: http://www.irs.gov/pub/irs-drop/a-04-77.pdf Notice 2004-62 provides additional disaster relief for certain employee benefit plans in Florida with respect to the minimum funding standards of IRC 412. See: http://www.irs.gov/pub/irs-drop/n-04-62.pdf Notice 2004-63, provides penalty relief for lenders that fail to report loan origination fees and capitalized interest received in 2004 on qualified education loans made on or after September 1, 2004. See: http://www.irs.gov/pub/irs-drop/n-04-63.pdf Notice 2004-66 suspends certain income limitation requirements under IRC 42 for certain low-income housing credit properties in Florida as a result of the devastation caused by Hurricane Charley and Hurricane Frances. See: http://www.irs.gov/pub/irs-drop/n-04-66.pdf Revenue Ruling 2004-96 provides the Applicable Federal Rates (AFRs) for October 2004. See: http://www.irs.gov/pub/irs-drop/rr-04-96.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'.
