IRS News: Split Refund Available for Comment & Direct Mail to IRS Counsel

Split Refund Available for Comment

On August 25th, the IRS announced that they have released a new tax form, 8888, Direct Deposit of Refund, enabling taxpayers to split their refunds into different accounts. The form is currently available for public comment until September 25th.

Form 8888 is inteneded to give taxpayers more flexibility in managing their refunds; it enables individuals to deposit their 2006 federal tax refunds in up to three separate saving or checking accounts with three different financial institutions. Taxpayers can submit Form 8888 either on paper or electronically.

Tax professionals, accountants, and other interested parties are encouraged to read through the draft and provide feedback.

To view the draft of Form 8888, visit http://www.irs.gov/pub/irs-pdf/f8888.pdf

To give feedback on the draft, visit http://www.irs.gov/formspubs/page/0,,id=10179,00.html

Direct Mail to IRS Counsel

Due to extensive flooding of the main IRS Headquarters Building, tax professional and the general public have been given temporary addresses to use when submitting certain tax documents and request to IRS Counsel. In order to ensure proper delivery of various items, the IRS has updated temporary addresses.

Previously, all direct mail to IRS Counsel was sent to Crystal Mall in Arlington, Virginia. If you need to send documents to displaced IRS Counsel employees, the following general address still applies:

(Name), (Title), Internal Revenue Service, Office of Chief Counsel (Office Symbols), 1111 Constitution Ave., NW (Room Number), Washington, D.C., 200224

An IRS mail contractor will receive, sort, and deliver all mail sent to the above address.

All other temporary addresses issued before August 14th should be disregarded. The following addresses and their corresponding function are most current:

• Requests for changes of method of accounting under the jurisdiction of Income Tax and Accounting should be sent to:

P.O. Box 14095, Ben Franklin Station, Washington, D.C., 20044

• Requests described in Revenue Procedure 2006-1, excluding changes in a method of accounting under the jurisdiction of Income Tax and Accounting (#1) should be sent to:
  

  P.O. Box 7604, Ben Franklin Station, Washington, D.C., 20044

• User fee items, services of processes, and complaints, subpoenas, comments on proposed regulations, and anything else intended for the Office of Chief Counsel should be sent to”
  

  Courier’s desk, Room 108, First Floor, Crystal Mall #4, 1941 Jeff Davis Hwy, Arlington, VA 22202 OR 1901 S. Bell Street, Arlington, VA 22202

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