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Small business and self-employed tax center

Resources for taxpayers who file Form 1040, Schedules C, E, F or Form 2106, as well as small businesses with assets under $10 million.​

Owner of tax preparation business indicted for defrauding pandemic relief funding program

July 14, 2022 — A Georgia woman faces up to 20 years in prison after an indictment alleging she fraudulently obtained funds intended for COVID-19 small business assistance.
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International Taxpayers and Businesses

As the IRS implements this major tax legislation, check this page for updates and resources to learn how the Tax Cuts and Jobs Act (TCJA) affects International Taxpayers and Businesses.
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Owner of tax preparation business sentenced to prison for defrauding pandemic relief funding programs

Jan. 29, 2024 — A Georgia woman was sentenced to five years in prison and ordered to repay more than half a million dollars she fraudulently obtained from COVID-19 small business relief programs.
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IRS: Update for Form 990-T, Form 1120-POL filers with upcoming deadlines; e-file unavailable for small number of organizations with earlier due dates

IR-2024-15, Jan. 18, 2024 — The Internal Revenue Service today alerted a limited group of tax exempt organizations that they won’t be able to electronically file Form 990-T, Exempt Organization Business Income Tax Return, or Form 1120-POL, U.S. Income Tax Return for Certain Political Organizations, until March 17, 2024.
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Owner of two northeast Ohio businesses sentenced to prison for PPP loan fraud

January 19, 2023 — The owner of two corporations in Solon and Highland Heights, Ohio, was sentenced on Friday, January 13, 2023, to 15 months in prison and ordered to pay $195,900.34 in restitution to the Small Business Administration (SBA) by U.S. District Judge Pamela A. Barker after he pleaded guilty to his role in a conspiracy to unlawfully obtain Paycheck Protection Program ("PPP") loans.
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Coronavirus tax relief for businesses and tax-exempt entities

Get information on coronavirus (COVID-19) tax relief for businesses and tax-exempt entities.
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Charities and Nonprofits, Businesses

Peculiar business owner sentenced for tax evasion

March 2, 2023 — The owner of a Peculiar, Mo., business was sentenced in federal court today for tax evasion.
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Tax Cuts and Jobs Act: A comparison for businesses

The Tax Cuts and Jobs Act changed deductions, depreciation, expensing, tax credits and other things that affect businesses. This side-by-side comparison can help businesses understand the changes and plan accordingly.
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East Providence man sentenced to federal prison for fraudulently applying for COVID relief business loans

January 11, 2023 — An East Providence man who submitted eight fraudulent loan applications seeking more than $375,000 in COVID-19 relief business loans guaranteed by the federal Small Business Administration has been sentenced to four years in federal prison, announced United States Attorney Zachary A. Cunha.
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Tax Reform: Changes to Depreciation Affect Businesses Now

Tax Reform Tax Tip 2018-68, May 3, 2018
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