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Found 380 Matching Items; Displaying 61 - 70.

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.
General Information
News Media, Tax Professionals, Businesses

National Tax Security Awareness Week, Day 5: As tax season approaches, IRS, Security Summit partners warn taxpayers, tax professionals to watch out for emerging scams by email, text, phone

IR-2023-229, Dec. 1, 2023 — To wrap up National Tax Security Awareness Week, the Internal Revenue Service and the Security Summit partners today reminded taxpayers and tax professionals to stay alert against emerging scams during the upcoming filing season and throughout the year.
News
News Media

Inflation Reduction Act 1-year report card: IRS delivers dramatically improved 2023 filing season service, modernizes technology, pursues high-income individuals evading taxes

IR-2023-148, Aug. 16, 2023 — One year into its modernization efforts under the Inflation Reduction Act, the IRS has made significant progress toward its goals of delivering world-class service, upgrading its technology and ensuring high-income taxpayers, large corporations and complex partnerships pay taxes owed.
News
News Media

Families will soon receive their December advance Child Tax Credit payment; those not receiving payments may claim any missed payments on the upcoming 2021 tax return

IR-2021-249, December 15, 2021 — The Internal Revenue Service and the Treasury Department announced today that millions of American families will soon receive their final advance Child Tax Credit (CTC) payment for the month of December.
News
News Media, Individuals

IRS updates FAQs for 2020 Unemployment Compensation Exclusion

IR-2021-221, November 12, 2021 — The Internal Revenue Service today updated its frequently-asked-questions (FAQs) on 2020 Unemployment Compensation Exclusion.
News
News Media

National Taxpayer Advocate delivers Annual Report to Congress; flags Employee Retention Credit, Identity Theft Victim Assistance processing delays and calls for adequate funding to improve taxpayer services

IR-2025-04, Jan. 8, 2025 — National Taxpayer Advocate Erin M. Collins today released her 2024 Annual Report to Congress, finding overall improvement in IRS taxpayer service but also highlighting persistent challenges, particularly delays in processing Employee Retention Credit (ERC) claims and resolving Identity Theft Victim Assistance cases.
News
News Media

IRS updates frequently asked questions about the 2020 unemployment compensation exclusion

IR-2022-212, December 2, 2022 — The Internal Revenue Service today updated frequently asked questions (FAQs) for the 2020 unemployment compensation exclusion.
News
News Media

Final Texas defendants plead guilty to conspiracy to commit mail and wire fraud and aggravated identity theft

May 30, 2024 — A Texas man pleaded guilty on Friday to conspiracy to commit mail and wire fraud and aggravated identity theft, and a Texas women pleaded guilty yesterday to conspiracy to commit mail and wire fraud both in connection with a wide-ranging scheme to defraud the IRS. In all, seven defendants have now pleaded guilty to this scheme that sought over $111 million in fraudulent tax refunds.
News
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Long-time fugitive extradited to the United States to face charges for orchestrating mail fraud scheme defrauding elderly and vulnerable victims of over $10 million

May 14, 2025 — A German man was extradited from Italy and arrested for orchestrating a massive mail fraud scheme targeting elderly and otherwise vulnerable victims with false and fraudulent psychic solicitations, U.S. Attorney Alina Habba announced.
News
News Media

Georgia man pleads guilty to conspiring to defraud the IRS and to commit wire fraud through the operation of bogus credit repair businesses

October 5, 2022 — United States Attorney Roger B. Handberg announces that Kevin Edward Hargrave (Locust Grove, Georgia), formerly known as Kevin Edward Wade, has pleaded guilty to conspiring to commit wire fraud and to defraud the United States for the purpose of impeding the lawful functions of the Internal Revenue Service. Hargrave faces a maximum penalty of five years in federal prison. A sentencing date has not yet been set.
News
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