Remember to E-file your tax return! 

Join the 80 million taxpayers who filed their tax returns electronically in 2007. E-filing is fast, easy and cuts ways down on math errors. Even better…if you choose Direct Deposit, you can receive your refund much quicker than filing a paper return. For some taxpayers, filing electronically is free. If your adjusted gross income was $54,000 or less in 2007, you can use Free File to prepare and e-file your taxes online. Just visit IRS.gov to find out more about this service.

http://www.irs.gov/efile/index.html

Are you eligible for the Earned Income Tax Credit?

The EITC is for people who work, but have lower incomes. It could be worth up to $4,700 this year for qualified taxpayers. It’s easy to determine whether you qualify for the EITC. The EITC Assistant on IRS.gov, removes the guesswork from eligibility rules. Just answer a few simple questions about yourself, your children, your living situation and your income to find out if you qualify and to estimate the amount of your EITC. You will see the results of your responses right away.

http://www.irs.gov/individuals/article/0,,id=130102,00.html

The Alternative Minimum Tax and its impact on the 2008 Filing Season

Legislation passed late last year impacted taxpayers filing five forms related to the AMT. All AMT-related forms are currently being accepted and processed, The 13.5 million taxpayers who use the five forms can now file their tax returns as normal. The IRS has worked closely with the software industry and tax practitioners during the reprogramming process to minimize disruptions for taxpayers and the tax community.

http://www.irs.gov/newsroom/article/0,,id=179109,00.html

Avoid Tax Scams

Taxpayers should beware of several current e-mail and telephone scams that use the IRS name as a lure. We expect such scams to continue beyond the end of the tax return filing season. The IRS cautions taxpayers to be on the lookout for scams involving proposed advance payment checks. The scams aim to trick people into revealing personal and financial information, such as Social Security, bank account or credit card numbers, which the scammers in turn can use to commit identity theft.

http://www.irs.gov/newsroom/article/0,,id=178061,00.html

Also, look for our annual list of the top tax scams, which we will be releasing soon.

Small Tax Exempt Organizations must now file an annual E-postcard

Beginning this year, small tax-exempt organization must begin filing annually with the IRS. In the past, organizations with annual gross receipts of less than $25,000 were not required to file. Starting in Tax Year 2007, they will need to file Form 990-N, Electronic Notice for Tax-Exempt Organizations not Required to File Form 990 or 990-EZ, better known as the e-postcard. Filing the e-Postcard is free and easy. To file, small tax-exempt organizations will need only a few basic pieces of information:  the organization’s employer identification number, its tax year, legal name and mailing address, any other names used, an Internet address if one exists, the name and address of a principal officer and a statement confirming the organization's annual gross receipts are normally $25,000 or less. The due date for filing Form 990-N is the 15th day of the fifth month after the close of the tax year.

http://www.irs.gov/newsroom/article/0,,id=179351,00.html