Found 380 Matching Items; Displaying 51 - 60.
IRS completes automatic corrections of tax year 2020 accounts related to unemployment compensation exclusion; 12 million refunds issued
IR-2023-02, January 6, 2023 — The Internal Revenue Service recently completed the final corrections of tax year 2020 accounts for taxpayers who overpaid their taxes on unemployment compensation they received in 2020.
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Jersey City attorney admits wire fraud, aggravated identity theft, and tax crimes
September 15, 2023 — A Jersey City attorney today admitted defrauding his clients of more than $2 million dollars and other crimes, U.S. Attorney Philip R. Sellinger announced.
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North Carolina and North Dakota police chiefs and federal firearms licensees indicted for conspiracy to illegally acquire machineguns and other firearms
October 20, 2023 — A federal grand jury has returned an indictment charging five defendants with a conspiracy to illegally acquire machineguns and other regulated firearms.
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IRS ends unannounced revenue officer visits to taxpayers; major change to end confusion, enhance safety as part of larger agency transformation efforts
IR-2023-133, July 24, 2023 — As part of a larger transformation effort, the Internal Revenue Service today announced a major policy change that will end most unannounced visits to taxpayers by agency revenue officers to reduce public confusion and enhance overall safety measures for taxpayers and employees.
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IRS to host a special Community Assistance Visit in Ciales, Puerto Rico Oct. 30 – Nov. 3
PR-2023-05, Oct. 17, 2023 — As part of an expanding effort to reach underserved communities, the IRS announced a special event in Ciales, Puerto Rico to help local taxpayers.
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Inflation Reduction Act 2-year report card: IRS continues to improve service, modernize online tools, pursue complex taxpayer arrangements used to evade taxes
IR-2024-223, Aug. 23, 2024 — The IRS has made significant progress on a range of improvements, including that all taxpayers can do all of their interactions with the IRS digitally if they choose, making it possible for the IRS to uncover and address tax evasion shrouded in complexity that requires subject matter expertise and data science.
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Former chairman of 1 Global indicted for running $250 million securities fraud scheme
July 26, 2023 — Carl R. Ruderman former chairman of 1 Global Capital LLC (“1 Global”) was indicted yesterday with orchestrating a sprawling fraud scheme that affected more than 3,400 investors in 42 different states. Four of Ruderman’s co-conspirators have already pleaded guilty for their role in this fraud.
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IRS: Families will soon receive November advance Child Tax Credit payments; time running out to sign up online to get an advance payment in December
IR-2021-222, November 12, 2021 — The Internal Revenue Service and the Treasury Department announced today that millions of American families will soon receive their advance Child Tax Credit (CTC) payment for the month of November. Low-income families who are not getting payments and have not filed a tax return can still get one, but they must sign up on IRS.gov by 11:59 pm Eastern Time on Monday, Nov. 15.
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IRS moves forward with Employee Retention Credit claims: Agency accelerates work on complex credit as more payments move into processing; vigilance, monitoring continues on potentially improper claims
IR-2024-203, Aug. 8, 2024 — The Internal Revenue Service announced today additional actions to help small businesses and prevent improper payments in the Employee Retention Credit (ERC) program, including accelerating more payments and continuing compliance work on the complex pandemic-era credit that was flooded with claims following misleading marketing.
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Increased energy investment credit for solar and wind facilities benefitting low-income communities
FS-2023-21, Sept. 2023 — The Inflation Reduction Act provides for an increase to the energy investment credit (under Internal Revenue Code Section 48) for qualifying solar and wind facilities benefitting certain low-income communities.
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