TAX NEWS - DECEMber 2009

IRS Tax: IRS Features Recovery Tax Credits on YouTube, iTunes

The IRS has launched a YouTube video site and an iTunes podcast site to better serve taxpayers and help them take full advantage of 2009 tax provisions in the American Recovery and Reinvestment Act.People can visit the video site at www.youtube.com/irsvideos  to view information about the Recovery, tax tips and how-to videos in English, Spanish, American Sign Language (ASL) and other languages. The YouTube focus will be on the provisions of the American Recovery and Reinvestment Act.

Videos will highlight the $8,000 first-time homebuyer's credit for those who purchase a house this year, the sales or excise tax deduction on new car purchases and the expanded credits for education and energy conservation. There will also be a video on using the IRS Withholding Calculator. Many workers received the Making Work Pay tax credit in April through their tax withholding at work, but those with more than one job or working spouses should especially use the calculator to ensure neither too much nor too little is being withheld. People can visit the audio site at iTunes to listen to IRS podcasts about ARRA tax credits.

People without an iTunes account can hear those same podcasts, in English and Spanish, on IRS.gov's Multimedia Center.