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IR-2023-110, June 7, 2023 — The Department of Treasury and the Internal Revenue Service today issued Notice 2023-42, which will grant penalty relief for corporations that did not pay estimated tax in connection with the new corporate alternative minimum tax (CAMT).

IR-2023-241, Dec. 15, 2023 — The Department of Treasury and the Internal Revenue Service today issued Notice 2024-10 to provide additional interim guidance on the new corporate alternative minimum tax.

August 14, 2023 — A Union County contractor was arrested today for tax evasion, U.S. Attorney Philip R. Sellinger announced.

May 12, 2023 — Michael Richard Lynch, the former chief executive officer of Autonomy Corporation, was extradited from the United Kingdom to the United States to face charges in the Northern District of California, announced First Assistant United States Attorney Stephanie M. Hinds; Internal Revenue Service, Criminal Investigation (IRS-CI), Special Agent in Charge Darren Lian; and Federal Bureau of Investigation Special Agent in Charge Robert K. Tripp.

December 20, 2022 — The owner of a land and mineral acquisition company has been sentenced in federal court to five years' probation and restitution of $548,412.00 on his conviction of failing to file corporate tax returns for his company, Deep Rock Mineral Group, Inc., United States Attorney Cindy K. Chung announced today.

IR-2024-235, Sept. 12, 2024 — The Internal Revenue Service today issued proposed regulations to provide guidance on the Corporate Alternative Minimum Tax.

August 4, 2023 — A Mississippi man was sentenced to 30 months in prison for filing a false corporate income tax return on behalf of his oil and gas leasing business.

Feb. 16, 2024 — The U.S. Attorney’s Office for the District of Colorado announces that Michael Aaron Tew and Kimberly Ann Tew both of Denver, Colorado were found guilty for their roles in a wire fraud scheme that defrauded National Air Cargo, a logistics company and contractor for the Department of Defense. A federal jury in Denver returned guilty verdicts against the Tews on Thursday, Feb. 15, 2024.

October 31, 2023 — A Quincy man was arrested yesterday in connection with his alleged involvement in filing false tax returns on behalf of his company that hid over $10 million in corporate income.

Oct. 13, 2017 — The Internal Revenue Service is providing this statement to inform taxpayers and their advisers of changes relating to requests for private letter rulings on certain corporate transactions.