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FW: IRS Refund Notification

If you receive the following email DO NOT FALL FOR THIS SCAM:

Online Refund Form

After the last annual calculations of your fiscal activity we have determined that you are eligible to receive a tax refund under section 501(c) (3) of the Internal Revenue Code. Tax refund value is $375.20. Please submit the tax refund request and allow us 6-9 days in order to IWP the data received. If u don't receive your refund within 9 business days from the original IRS mailing date shown, you can start a refund trace online.

* If you distribute funds to other organization, your records must show wether they are exempt under section 497 (c) (15). In cases where the recipient org. is not exempt under section 497 (c) (15), you must have evidence the funds will be used for section 497 (c) (15) purposes.

* If you distribute fund to individuals, you should keep case histories showing the recipient's name and address; the purpose of the award; the maner of section; and the realtionship of the recipient to any of your officers, directors, trustees, members, or major contributors.

To access the form for your tax refund, please click here

This notification has been sent by the Internal Revenue Service, a bureau of the Department of the Treasury.

Sincerely,

Kirsten Mailow Director, Exempt. Organization Rulings and Agreements Letter Internal Revenue Service

________________________________

Note: ▪ If you received this message in your SPAM/BULK folder, that is because of the restrictions implemented by your ISP ▪ For security reasons, we will record your ip address, the date and time. ▪ Deliberate wrong imputs are criminally pursued and indicted.

© Copyright 2008, Internal Revenue Service U.S.A.

Increased Password Complexity for EFTPS

News from the Internal Revenue Service 

As an additional security measure, EFTPS online will increase the complexity of passwords beginning February 7, 2008.

We recommend that you change your passwords based on the following guidance at your earliest convenience:

Passwords must be 8 to 12 characters long, composed of the following character types:

• Uppercase Alpha (A, B, C, etc.),
• Lowercase Alpha (a, b, c, etc.),
• Numeric (1, 2, 3, etc.) or the following Special Characters (!, @, #, $,*, +,-).

Each password must contain UPPERCASE AND LOWERCASE ALPHA CHARACTERS, and at least one character that is either a Numeric or a Special Character.

To change your password, visit the My Profile Internet Password Management page.

IRS Announces 2008 Standard Mileage Rates

The IRS has issued the 2008 standard mileage rates for determining the deductible costs of operating a vehicle. For 2008, the mileage rate is 50.5 cents per mile for business use, 19 cents per mile for medical or moving purposes, and 14 cents per mile for service to a charitable organization.

Alternative Fuel Tax Credit for Businesses Using Propane-powered Forklifts

Congress recently enacted legislation allowing a 50¢ per gallon tax credit for companies using propane in forklifts. Even though forklifts are normally exempt at the time of purchase from the federal excise tax on propane, they are still eligible to claim the 50¢ per gallon credit for business use.

The forklift user must first register with the IRS by filing Form 637 with the IRS to register as an "Alternative Fueler." The IRS may perform an onsite inspection of taxpayers who file the Form 637 to make sure they qualify for the credit. Once the registration is approved, the business can file the claim for the credit with its annual federal income tax return.

Social Security Wage Base

The 2008 social security wage base is $102,000. This is an increase of $4,500. Make sure your payroll system gets updated. As always, there is no limit on the wages subject to the medicare tax.

Construction Inflation Alert

Time really does fly. I have not posted anything here since October. Attached is a construction inflation alert from the Association of General Contractors. It is dated October 2007 and provides an economic forecast for 2008.
Download cia08.pdf