Agency Summary
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Recent News
Thursday, April 9, 2009 Thursday, April 9, 2009 Wednesday, March 18, 2009
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Weekly Progress
Source: Agency Financial and Activity Report
as of 2009-05-06
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Financial and Activity Report
Financial Status: |
- Total Available: $23,301,226
- Total Paid Out: $2,543,572
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Major Actions Taken to Date: |
- IRS: Issued a General ARRA Podcast in English, Spanish and ASL for the First Time Homebuyer Credit (Section 1006), Automobile Sales Tax (Section 1008), and the College 529 Plan (Section 1005)
- IRS: Issued Tax Tips on Sales Tax Deduction for Certain Vehicles (Section 1008)
- IRS: Posted on irs.gov a fourth set of Frequently Asked Questions
- IRS: On May 1st IRS began accepting and processing new Form 8038-CP for the Build America Bonds tax credit
- FMS: Processed 24,260,191 payments with a May 7 payment date to Social Security recipients totalling $6,065,047,750
- FMS: Offset 353,309 of the $250 Recovery Act payments to collect delinquent debts owed to state or federal government agencies, including delinquent child support debts. Cumulative number of offsets and amount collected totals 355,626 and $84,641,007 respectively.
- TIGTA: Prepared Briefing Paper to the Inspector General Regarding IRS' Collection of Information on Tax Benefits
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Major Planned Actions: |
- FMS: Courtesy email notification to various House and Senate Committees that the first Recovery Act $250 one-time payments will be received by beneficiaries on May 7.
- FISCAL: Treasury and HUD joint presentation (webcast) on May 6 Recovery Act assistance for Low Income Housing Tax Credit (LIHTC) projects to state housing finance agencies.
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Report History
