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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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Former small business office manager sentenced to 4+ years in federal prison for embezzlement, identity theft
March 5, 2025 — A district judge sentenced a Collinsville woman to 51 months’ imprisonment after she embezzled more than $158,000 and stole the identity of a coworker while employed by AMK Heating and Cooling in Edwardsville.
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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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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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Farmington man sentenced to imprisonment after embezzling approximately $1.7 million from his small business employer
August 7, 2025 — Timothy Sean Edgar, of Farmington, Utah, was sentenced today to 18 months’ imprisonment for wire fraud and money laundering after he admitted to engaging in a years-long scheme to embezzle approximately $1.7 million from his employer for his personal enrichment.
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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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