Telefiling

Courtesy of IRS - Assorted News

1040 TeleFile and 941 TeleFile will sunset August 16th, 2005.

These filing methods will no longer be available after the extension due date for 1040 TeleFile and the 2nd quarter due date for 941TeleFile.

So, if you file for a second extension on your tax return, you may still use e-filing and paper tax returns - but not your phone's keypad.

Honda Vehicles Certified for
Clean-Fuel Vehicle Deduction

IR-2005-14, Feb. 10, 2005

WASHINGTON — The Internal Revenue Service has certified the model year 2005 Honda Insight, the Honda Civic Hybrid, and the Honda Accord Hybrid as being eligible for the clean-fuel vehicle deduction. This certification means

that taxpayers who purchase one of these hybrid vehicles new may claim a tax deduction of up to $2,000 on Form 1040.

Under the recently signed Working Families Relief Act of 2004, the clean-burning fuel deduction is up to $2,000 for certified vehicles first put into service in 2004 and 2005. The deduction will be limited to $500 for vehicles placed in service in 2006. No deduction will be allowed after 2006.