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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.

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).

Find resources to do business with the IRS, including the Procurement Small Business Program Office and Treasury Acquisition Institute (TAI).

April 1, 2021 — A profit-sharing plan has the same contribution limits as a Simplified Employee Pension (SEP) Plan; however, it gives you more flexibility than a SEP.

These FAQs provide an overview of the aggregation rules that apply for purposes of the gross receipts test under Internal Revenue Code (Code) section 448(c) (section 448(c) gross receipts test), and that apply in determining whether a taxpayer meets the small business exemption under section 163(j) of the Code. Please refer to the Code and Income Tax Regulations for the aggregation rules.

IR-2022-104, May 6, 2022 — With many businesses facing a tight job market, the Internal Revenue Service reminds employers to check out a valuable tax credit available for hiring long-term unemployment recipients and other groups of workers facing significant barriers to employment.

September 22, 2022 — A Beverly Hills man – whose sons pleaded guilty earlier this month to felonies for defrauding COVID-relief programs – pleaded guilty today to a federal criminal charge for fraudulently seeking more than $6.7 million in COVID-related small business loans for more than half a dozen fake companies.

May 28, 2025 — Fourteen defendants – including San Fernando Valley and Glendale residents – were arrested on two federal criminal complaints alleging they fraudulently obtained more than $25 million in taxpayer-funded COVID-19 relief funds and federally-guaranteed small business loans.

Information on how to choose, maintain and fix plan errors of a retirement plan

June 16, 2022 — A St. Paul man was sentenced to 81 months in prison followed by three years of supervised release for fraud, money laundering, and aggravated identity theft in connection to a more than $840,000 COVID relief fraud scheme, announced United States Attorney Andrew M. Luger.