Tax Law Updates | New Proposed Legislation

February 6, 2009

Appropriations Bill Allots $2.21B for the IRS

Making Appropriations for Financial Services and General Government for the Fiscal Year Ending September 30, 2009
H.R.7323, 12/10/2008

Appropriations Bill Allots $2.21B for the IRS

Rep. Jose E. Serrano, D-New York, has introduced a bill that would appropriate funds for the Internal revenue Service (“IRS”) and the Treasury Department, including $ 2.21 billion for taxpayer services, $ 5.1 billion for enforcement, $ 222.66 million for business systems modernization, and $ 3.8 billion for operations support.

The $2.21 billion allocated for the IRS is specifically for necessary expenses of the agency to provide taxpayer services, including pre-filing assistance and education, filing and account services, taxpayer advocacy services, and other services as authorized by 5 U.S.C. 3109, at such rates as may be determined by the Commissioner.

Out of this amount, not less than $5,100,000 shall be for the Tax Counseling for the Elderly Program, not less than $9,500,000 shall be available for low-income taxpayer clinic grants, and not less than $192,000,000 shall be available for operating expenses of the Taxpayer Advocate Service.

Rep. Serrano introduced the bill on the House floor on December 10, 2008. On the same day, the House Committee on Appropriations reported an original measure, H. Rept. 110-920, and placed it on the Union Calendar, Calendar No. 594.

View a PDF of the proposed legislation

Also See:

IRS Reminds Tax Preparers Need to File Due Diligence Checklist with All Earned Income Tax Credit Claims

IRS Provides Penalty Relief to Farmers Affected by MF Global Bankruptcy

IRS Issues Guidelines to Parents and Students on College Tax Benefits

Treasury, IRS Issue Proposed Regulations for FATCA Implementation

IRS Issues Guidance to Encourage Small Employers to Check Out Small Business Health Care Tax Credit

Companies Mentioned

Tax Law

The following companies are mentioned in Tax Law Updates:

Internal Revenue Service

Amazon.com LLC

Amazon Services, LLC

Swallows Holding, Inc.

The State of New York

New York State Department of Taxation and Finance

Textron Inc.

County of Los Angeles

TIFD III-E, Inc.

Agere Systems, Inc. f.k.a. Lucent Technologies, Inc.

Detroit Medical Center

Department of Justice

Santini Stone LLC

City of Chicago

StubHub, Inc.

Mayer Brown LLP d.b.a. Mayer, Brown, Rowe & Maw LLP

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