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Small business and self-employed tax centerResources for taxpayers who file Form 1040, Schedules C, E, F or Form 2106, as well as small businesses with assets under $10 million.
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Small Business Health Care Tax Credit Questions and Answers: Who Gets the Tax Credit
Question and answers on who gets the small business health care tax credit.
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Federal grand jury indicts Paducah woman for false tax claims and small business association fraud
September 15, 2023 — A federal grand jury in Louisville, Kentucky returned an indictment on September 12, 2023, charging a Paducah woman with eight counts of filing false tax claims and one count of wire fraud involving the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) financial assistance program.
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National Small Business Week 2024 begins; IRS offers tax resources, information to nation's entrepreneurs
IR-2024-123, April 26, 2024 — The IRS today offered helpful information to entrepreneurs in anticipation of the upcoming kick-off of National Small Business Week, celebrating and recognizing the crucial contributions America's small businesses make to the nation's economy.
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News Media, Sole Proprietors, Small Businesses
Small Business Health Care Tax Credit Questions and Answers: Determining FTEs and Average Annual Wages
Questions and answers on determining FTEs and average annual wages for purposes of the small business health care tax credit.
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For National Small Business Week, plan now to take advantage of tax benefits for 2022; enhanced deduction for business meals, home office deduction and more
IR-2022-100, May 3, 2022 — The IRS today urged business taxpayers to begin planning now to take advantage of the enhanced 100% deduction for business meals and other tax benefits available to them when they file their 2022 federal income tax return.
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News Media, Sole Proprietors, Small Businesses
Six people charged with fraudulently obtaining loans meant to help small businesses during COVID-19 pandemic
July 7, 2022 — Six Essex County, New Jersey, residents were arrested today for scheming to fraudulently obtain Paycheck Protection Program (PPP) loans, U.S. Attorney Philip R. Sellinger announced.
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Defense contractor president pleads guilty to bribery scheme involving $16 million in small business government contracts
March 20, 2025 — Philip Flores, the owner, president and chief executive of Intellipeak Solutions, Inc., a former defense contractor based out of Fredericksburg, Virginia, pleaded guilty in federal court today, admitting that he participated in a bribery scheme with former Naval Information Warfare Center employee James Soriano.
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Riverside county man sentenced to 8½ years in prison for stealing over $6.6 million in COVID-19 loans intended for small businesses
November 14, 2022 — A Corona man was sentenced today to 102 months in federal prison for fraudulently obtaining more than $6.6 million in Paycheck Protection Program (PPP) and Economic Injury Disaster Loan (EIDL) funds intended for business owners impacted by the economic shock of the COVID-19 pandemic and then laundering his illegal proceeds into financial instruments and real property in Pakistan.
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District man sentenced to 78 months in prison for schemes to defraud small business pandemic relief programs and the Archdiocese of Washington
September 2, 2022 — Kenneth Gaughan, of Washington, DC, was sentenced today to 78 months in prison for carrying out a series of financial schemes. In one, he embezzled more than $438,000 from the Catholic Archdiocese of Washington, DC, where he was previously employed as Assistant Superintendent. In the other, he fraudulently obtained more than $2.1 million in federal Paycheck Protection Program (PPP) loans and Economic Injury Disaster Loans (EIDL).
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Tampa man guilty of wire fraud, money laundering in misuse of $500,000 COVID-19 small business loan
May 3, 2024 — United States Attorney Roger B. Handberg announces that a federal jury has found Barrett Purvis guilty of wire fraud and money laundering. Purvis faces a maximum penalty of 20 years in federal prison for the wire fraud offense and up to 10 years’ imprisonment for the money laundering offense. Sentencing is scheduled for August 12, 2024. Purvis was indicted on March 30, 2023.
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