<HTML><HEAD><TITLE>IRS e-News for Tax Professionals</TITLE>
<META http-equiv=Content-Type content="text/html; charset=utf-8"><LINK href="http://service.govdelivery.com/service/w3c/p3p.xml" rel=P3Pv1>
<STYLE type=text/css>
body {
font-size: 12px;
font-family: arial, verdana, sans-serif;
font-weight: normal;
font-style: normal;
}
.physicalAddress {
color: gray;
font-size: 10px;
font-family: arial, verdana, sans-serif;
font-weight: 100;
}
</STYLE>
<META content="MSHTML 6.00.2900.5880" name=GENERATOR></HEAD>
<BODY style="MARGIN: 4px 4px 1px; FONT: 14pt Footlight MT Light">
<DIV>Happy Holidays.......</DIV>
<DIV> </DIV>
<DIV>The 2010 IRS Standard Mileage Rates are available in the e-news letter below or at <A href="http://www.irs.gov/newsroom/article/0,,id=216048,00.html">http://www.irs.gov/newsroom/article/0,,id=216048,00.html</A></DIV>
<DIV> </DIV>
<DIV>Have a great day!</DIV>
<DIV> </DIV>
<DIV>
<DIV><FONT face="Footlight MT Light" color=#6147c5 size=4><STRONG><FONT face="Brush Script MT" size=6>Karen Park<BR></FONT></STRONG></FONT></DIV>
<DIV><FONT face="Footlight MT Light" color=#6147c5 size=4><STRONG>Oregon State Social Security Coordinator</STRONG></FONT></DIV>
<DIV><FONT face="Footlight MT Light" color=#6147c5 size=4><STRONG>Oregon PERS<BR>503 603-7633<BR>karen.park@state.or.us<BR><IMG alt="" hspace=0 src="cid:XBBFWUJSEQXP.IMAGE_2.GIF" align=baseline border=0><BR>SL2</STRONG></FONT></DIV>
<DIV><STRONG><FONT face="Footlight MT Light" color=#6147c5 size=4></FONT></STRONG> </DIV>
<DIV><FONT face="Footlight MT Light" color=#6147c5>Please note my office hours are Monday thru Thursday 6 am to 4:30 pm</FONT></DIV>
<DIV><FONT face="Footlight MT Light" color=#6147c5></FONT> </DIV>
<DIV><FONT face="Footlight MT Light" color=#6147c5></FONT> </DIV>
<DIV><FONT face="Times New Roman" color=#000000>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><FONT size=2>CONFIDENTIALITY NOTE: All information in this email, including attachments, is approved solely for delivery to and authorized use by intended recipients. Use, dissemination, distribution, or reproduction of this message and/or any of its attachments by unintended recipients is not authorized and may be unlawful. If you are not an intended recipient of this message or an authorized assistant to an intended recipient, please notify the sender by replying to this message and then delete it from your system</FONT>. </P></FONT></DIV><BR><BR>>>> e-News for Tax Professionals <irs@service.govdelivery.com> 12/7/2009 1:48 PM >>><BR></DIV>
<P> </P>
<P></P><!--RSS_SECTION-->
<TABLE style="FONT-SIZE: 12pt" cellSpacing=0 cellPadding=5 width=675 border=1>
<TBODY>
<TR>
<TD style="PADDING-RIGHT: 0px; PADDING-LEFT: 0px; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; BACKGROUND-COLOR: rgb(0,30,89)" colSpan=2><IMG alt="IRS.gov Banner" src="cid:SYCVLCYQTMJD.irslogo.gif" name=logo> </TD></TR>
<TR>
<TD style="HEIGHT: 15px; BACKGROUND-COLOR: rgb(153,153,153)" colSpan=2>
<TABLE style="PADDING-RIGHT: 0px; PADDING-LEFT: 0px; PADDING-BOTTOM: 0px; MARGIN: 0px; WIDTH: 100%; COLOR: rgb(255,255,255); PADDING-TOP: 0px">
<TBODY>
<TR>
<TD style="TEXT-ALIGN: left">e-News for Tax Professionals </TD>
<TD style="TEXT-ALIGN: right">Dec. 7, 2009 </TD></TR></TBODY></TABLE></TD></TR>
<TR>
<TD style="PADDING-LEFT: 10px; FONT-SIZE: 10pt; VERTICAL-ALIGN: top; WIDTH: 30%; COLOR: rgb(0,0,0); BACKGROUND-COLOR: rgb(204,204,255)">
<H3>Useful Links: </H3>
<P><A href="http://www.irs.gov/">IRS.gov</A> </P>
<P><A href="http://www.irs.gov/taxpros/index.html">Tax Professionals Home</A> </P>
<P><A href="http://www.irs.gov/formspubs/index.html">Forms & Publications</A> </P>
<P><A href="http://www.irs.gov/businesses/small/article/0,,id=102669,00.html">Stakeholders Partners' <BR>Headliners</A> </P>
<P><A href="http://www.irs.gov/taxpros/article/0,,id=184145,00.html">Key Messages</A> </P>
<P><A href="http://www.irs.gov/businesses/small/article/0,,id=158507,00.html">IMRS</A> </P>
<P><A href="http://www.irs.gov/taxpros/article/0,,id=176934,00.html">Tax Hints</A> </P>
<P><A href="http://www.taxtalktoday.tv/">Tax Talk Today</A> </P>
<P><A href="http://www.irs.gov/newsroom/article/0,,id=108362,00.html">Disaster Relief</A> </P>
<P><A href="http://www.irs.gov/taxpros/lists/0,,id=97782,00.html">Draft Tax Forms</A> </P>
<P><A href="http://www.irs.gov/irb/">Internal Revenue Bulletins</A> </P>
<HR>
<H3>Upcoming Events </H3>
<H5>Seminars, Workshops, Conferences, and Other Practitioner Activities By State: </H5>
<P><A href="http://www.irs.gov/businesses/small/article/0,,id=158856,00.html">Nationwide</A> <BR></P>
<P><A href="http://www.irs.gov/businesses/small/article/0,,id=127879,00.html">Alabama</A> <BR><A href="http://www.irs.gov/businesses/small/article/0,,id=127878,00.html">Alaska</A> <BR><A href="http://www.irs.gov/businesses/small/article/0,,id=127875,00.html">Arizona</A> <BR><A href="http://www.irs.gov/businesses/small/article/0,,id=127877,00.html">Arkansas</A> <BR><A href="http://www.irs.gov/businesses/small/article/0,,id=127814,00.html">California</A> <BR><A href="http://www.irs.gov/businesses/small/article/0,,id=127874,00.html">Colorado</A> <BR><A href="http://www.irs.gov/businesses/small/article/0,,id=127872,00.html">Connecticut</A> <BR><A href="http://www.irs.gov/businesses/small/article/0,,id=127870,00.html">Delaware</A> <BR><A href="http://www.irs.gov/businesses/small/article/0,,id=127842,00.html">District of Columbia</A> <BR><A href="http://www.irs.gov/businesses/small/article/0,,id=127816,00.html">Florida</A> <BR><A href="http://www.irs.gov/businesses/small/article/0,,id=127825,00.html">Georgia</A> <BR><A href="http://www.irs.gov/businesses/small/article/0,,id=127823,00.html">Hawaii</A> <BR><A href="http://www.irs.gov/businesses/small/article/0,,id=127822,00.html">Idaho</A> <BR><A href="http://www.irs.gov/businesses/small/article/0,,id=127820,00.html">Illinois</A> <BR><A href="http://www.irs.gov/businesses/small/article/0,,id=127843,00.html">Indiana</A> <BR><A href="http://www.irs.gov/businesses/small/article/0,,id=127818,00.html">Iowa</A> <BR><A href="http://www.irs.gov/businesses/small/article/0,,id=127817,00.html">Kansas</A> <BR></P>
<HR>
<P><A href="http://www.irs.gov/businesses/small/article/0,,id=127815,00.html">Kentucky</A> <BR><A href="http://www.irs.gov/businesses/small/article/0,,id=127840,00.html">Louisiana</A> <BR><A href="http://www.irs.gov/businesses/small/article/0,,id=127844,00.html">Maine</A> <BR><A href="http://www.irs.gov/businesses/small/article/0,,id=127827,00.html">Maryland</A> <BR><A href="http://www.irs.gov/businesses/small/article/0,,id=127831,00.html">Massachusetts</A> <BR><A href="http://www.irs.gov/businesses/small/article/0,,id=127832,00.html">Michigan</A> <BR><A href="http://www.irs.gov/businesses/small/article/0,,id=127869,00.html">Minnesota</A> <BR><A href="http://www.irs.gov/businesses/small/article/0,,id=127848,00.html">Mississippi</A> <BR><A href="http://www.irs.gov/businesses/small/article/0,,id=127804,00.html">Missouri</A> <BR><A href="http://www.irs.gov/businesses/small/article/0,,id=127849,00.html">Montana</A> <BR><A href="http://www.irs.gov/businesses/small/article/0,,id=127859,00.html">Nebraska</A> <BR><A href="http://www.irs.gov/businesses/small/article/0,,id=127851,00.html">Nevada</A> <BR><A href="http://www.irs.gov/businesses/small/article/0,,id=127847,00.html">New Hampshire</A> <BR><A href="http://www.irs.gov/businesses/small/article/0,,id=127834,00.html">New Jersey</A> <BR><A href="http://www.irs.gov/businesses/small/article/0,,id=127846,00.html">New Mexico</A> <BR><A href="http://www.irs.gov/businesses/small/article/0,,id=127837,00.html">New York</A> <BR><A href="http://www.irs.gov/businesses/small/article/0,,id=127838,00.html">North Carolina</A> </P>
<HR>
<P><A href="http://www.irs.gov/businesses/small/article/0,,id=127830,00.html">North Dakota</A> <BR><A href="http://www.irs.gov/businesses/small/article/0,,id=127853,00.html">Ohio</A> <BR><A href="http://www.irs.gov/businesses/small/article/0,,id=127854,00.html">Oklahoma</A> <BR><A href="http://www.irs.gov/businesses/small/article/0,,id=127855,00.html">Oregon</A> <BR><A href="http://www.irs.gov/businesses/small/article/0,,id=127856,00.html">Pennsylvania</A> <BR><A href="http://www.irs.gov/businesses/small/article/0,,id=127857,00.html">Rhode Island</A> <BR><A href="http://www.irs.gov/businesses/small/article/0,,id=127839,00.html">South Carolina</A> <BR><A href="http://www.irs.gov/businesses/small/article/0,,id=127868,00.html">South Dakota</A> <BR><A href="http://www.irs.gov/businesses/small/article/0,,id=127803,00.html">Tennessee</A> <BR><A href="http://www.irs.gov/businesses/small/article/0,,id=127866,00.html">Texas</A> <BR><A href="http://www.irs.gov/businesses/small/article/0,,id=127864,00.html">Utah</A> <BR><A href="http://www.irs.gov/businesses/small/article/0,,id=127863,00.html">Vermont</A> <BR><A href="http://www.irs.gov/businesses/small/article/0,,id=127805,00.html">Virginia</A> <BR><A href="http://www.irs.gov/businesses/small/article/0,,id=127862,00.html">Washington</A> <BR><A href="http://www.irs.gov/businesses/small/article/0,,id=127858,00.html">West Virginia</A> <BR><A href="http://www.irs.gov/businesses/small/article/0,,id=127852,00.html">Wisconsin</A> <BR><A href="http://www.irs.gov/businesses/small/article/0,,id=127802,00.html">Wyoming</A> </P>
<HR>
<P style="FONT-SIZE: 10pt"><A href="#top">Back to top</A> </P></TD>
<TD style="VERTICAL-ALIGN: top">
<H3><A name=top></A>Issue Number: ##line "Issue Number"## </H3>
<H3>Inside This Issue </H3><BR>
<OL>
<LI><A href="#Fifth">IRS Announces Standard Milage Rate</A>
<LI><A href="#Sixth"><FONT color=#000000>Updated Tax Guide Features Recovery Tax Breaks; Helps People Save on their 2009 Taxes</FONT></A>
<LI><A href="#Seventh"><FONT color=#000000>IRS Extends Food Industry Tip Reporting Program</FONT></A>
<LI><A href="#Eighth">Latest IRS Partner Headliners Volume 281 Bartering for Small Businesses</A>
<LI><A href="#Ninth"><FONT color=#000000>Incorrect Phone Number on Some Philadelphia CP 2057 Notices</FONT></A>
<LI><A href="#Tenth"><FONT color=#000000>Victor Song Named Chief, IRS Criminal Investigation</FONT></A>
<LI><A href="#Eleventh">Technical Guidance</A> </LI></OL>
<HR>
<A name=first></A><STRONG>1. </STRONG>IRS Announces 2010 Standard Mileage Rates
<HR>
<P>Beginning on Jan. 1, 2010, the <A href="http://www.irs.gov/newsroom/article/0,,id=216048,00.html">standard mileage rates</A> for the use of a car (also vans, pickups or panel trucks) will be: <BR>• 50 cents per mile for business miles driven, <BR>• 16.5 cents per mile driven for medical or moving purposes, and <BR>• 14 cents per mile driven in service of charitable organizations. </P>
<P style="FONT-SIZE: 10pt"><A href="#top">Back to top</A> </P>
<HR>
<A name=second></A><STRONG>2. </STRONG>Updated Tax Guide Features Recovery Tax Breaks; Helps People Save on their 2009 Taxes
<HR>
<P> <A href="http://www.irs.gov/newsroom/article/0,,id=216665,00.html">Publication 17</A>, Your Federal Income Tax, features details on taking advantage of new tax-saving opportunities, such as the making work pay credit for most workers, American opportunity credit for parents and college students, energy credits for homeowners going green, first-time homebuyer credit, sales or excise tax deduction for new car buyers, and the expanded child tax credit and earned income tax credit for low- and moderate-income workers. This useful 308-page guide also provides more than 6,000 interactive links to help taxpayers quickly get answers to their questions. <BR></P>
<P style="FONT-SIZE: 10pt"><A href="#top">Back to top</A> </P>
<HR>
<A name=third></A><STRONG>3. </STRONG>IRS Extends Food Industry Tip Reporting Program
<HR>
<P>The Internal Revenue Service <A href="http://www.irs.gov/newsroom/article/0,,id=215980,00.html">has announced</A> that it has extended for an additional two years the Attributed Tip Income Program (ATIP), first announced in 2006 in Revenue Procedure 2006-30, that simplifies the recordkeeping burden for reporting tip income in the food and beverage industry. </P>
<P><A href="#top">Back to top</A> </P>
<HR>
<A name=fourth></A><B>4.Latest IRS Partner Headliners Volume 281-- Bartering for Small Businesses</B>
<HR>
<P>Small business owners <A href="http://www.irs.gov/businesses/small/article/0,,id=215975,00.html ">should be aware that bartering</A> transactions generally have associated tax reporting, accounting and record-keeping responsibilities. </P>
<P style="FONT-SIZE: 10pt"><A href="#top">Back to top</A> </P>
<HR>
<A name=fifth></A><STRONG>5.</STRONG>Incorrect Phone Number on Some Philadelphia CP 2057 Notices
<HR>
<P>The Internal Revenue Service mailed approximately 14,500 CP 2057 (Check Your Records to Confirm the Income You Received) informational notices from the Philadelphia campus on November 30, 2009 with an incorrect toll-free telephone number. The correct toll-free number is 1-866-379-6176. We apologize for any inconvenience. </P>
<P style="FONT-SIZE: 10pt"><A href="#top">Back to top</A> </P>
<HR>
<A name=sixth></A><STRONG>6. </STRONG>Victor Song Named Chief, IRS Criminal Investigation
<HR>
<P>The Internal Revenue Service <A href="http://www.irs.gov/newsroom/article/0,,id=216800,00.html">has announced that Victor Song</A> will become the new chief for IRS Criminal Investigation, replacing Eileen Mayer who is retiring in January. Song currently is the CI deputy chief. </P>
<P style="FONT-SIZE: 10pt"><A href="#top">Back to top</A> </P>
<HR>
<A name=seventh></A><B>7. Technical Guidance</B>
<HR>
<P><A href="http://www.irs.gov/pub/irs-drop/n-09-90.pdf">Notice 2009-90</A> sets forth guidance relating to the tax credit under § 45 of the Internal Revenue Code for refined coal. The notice (1) provides for a definition of refined coal; (2) does not require that the producer of the refined coal own the facility; (3) provides for (a) permissible emissions reductions testing, (b) the frequency of such testing, and (c) for the certification of emissions reduction. <BR></P>
<P><A href="http://www.irs.gov/pub/irs-drop/rp-09-55.pdf">Revenue Procedure 2009-55</A> sets forth for purposes of section 846 of the Internal Revenue Code the loss payment patterns and discount factors for each property and casualty line of business for the 2009 accident year. These factors are to be used by property and casualty insurance companies in discounting unpaid losses. <BR><BR><A href="http://www.irs.gov/pub/irs-drop/rp-09-56.pdf">Revenue Procedure 2009-56</A> sets forth for purposes of section 832 of the Internal Revenue Code the salvage discount factors for each property and casualty line of business for the 2009 accident year. These factors are to be used by property and casualty insurance companies to discount estimated salvage recoverable. </P>
<P><A href="http://www.irs.gov/pub/irs-drop/n-09-96.pdf">Notice 2009-96</A> provides the corporate bond weighted average interest rate. </P>
<P style="FONT-SIZE: 10pt"><A href="#top">Back to top</A> </P>
<HR>
<A name=eighth></A>
<HR>
<DIV style="FONT-SIZE: 10pt">
<P>Thank you for subscribing to e-News for Tax Professionals an IRS e-mail service. </P>
<P>If you have a specific concern about your client's tax situation, call the IRS Practitioner Priority Service 1-866-860-4259. </P>
<P>This message was distributed automatically from the mailing list e-News for Tax Professionals. <B>Please Do Not Reply To This Message
<P>To subscribe to or unsubscribe from another list, please go to the <A href="http://www.irs.gov/newsroom/content/0,,id=103381,00.html">e-News Subscriptions</A> page on the IRS Web site. </P></DIV></B></TD></TR></TBODY></TABLE><!--/RSS_SECTION-->
<P></P>
<HR>
<P>Update your subscriptions, modify your password or e-mail address, or stop subscriptions at any time on your <A href="https://service.govdelivery.com/service/user.html?code=USIRS">Subscriber Preferences Page</A>. You will need to use your e-mail address to log in. If you have questions or problems with the subscription service, please contact <A href="mailto:support@govdelivery.com">support@govdelivery.com</A>. </P>
<P>This service is provided to you at no charge by <A title="" href="http://www.irs.gov/" target="">Internal Revenue Service (IRS)</A>. </P>
<P></P><!-- BLOGLINK --><!-- SHARE_CONTENT -->
<P class=physicalAddress><FONT class=physicalAddress style="FONT-WEIGHT: 100; FONT-SIZE: 10px; COLOR: gray; FONT-FAMILY: Arial" face=Arial color=gray size=1>Internal Revenue Service · 1111 Constitution Ave. N.W. · Washington DC 20535 · 800-439-1420 </FONT></P></BODY></HTML>