This paper describes the latest version of the International Reference Ionosphere (IRI) model. IRI-2012 includes new models for the electron density and ion densities in the region below the F-peak, a storm-time model for the auroral E-region, an improved electron temperature model that includes variations with solar activity, and for the first time a description of auroral boundaries. In addition, the thermosphere model required for baseline neutral densities and temperatures was upgraded from MSIS-86 to the newer NRLMSIS-00 model and Corrected Geomagnetic coordinates (CGM) were included in IRI as an additional coordinate system for a better representation of auroral and polar latitudes. Ongoing IRI activities towards the inclusion of an improved model for the F2 peak height hmF2 are discussed as are efforts to develop a “Real-Time IRI”. The paper is based on an IRI status report presented at the 2013 IRI Workshop in Olsztyn, Poland. The IRI homepage is at IRImodel.org.