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September 15, 2023 ¡ª 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.

The Tax Cuts and Jobs Act extended the time a taxpayer has to file a wrongful levy claim if the IRS has sold the levied property.

Statements are pursuant to the requirements of the Balanced Budget and Emergency Deficit Control Act of 1985, as amended, for the federal fiscal year mentioned in each statement.

March 20, 2025 ¡ª Four Florida residents convicted in U.S. District Court in Rhode Island for executing one of the largest schemes in the country to defraud Coronavirus Aid, Relief and Economic Security (CARES) Act programs, including in Rhode Island, have been sentenced to federal prison, announced Acting United States Attorney Sara Miron Bloom.

IR-2024-237, Sept. 13, 2024 ¡ª Today the Department of the Treasury and the Internal Revenue Service issued proposed regulations for Tribal General Welfare Benefits. Section 139E of the Internal Revenue Code was enacted by the Tribal General Welfare Exclusion Act of 2014 (Act) and excludes from gross income the value of any Tribal General Welfare Benefit.

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 businesses.

Check this page for updates and resources to learn how the Tax Cuts and Jobs Act (TCJA) affects retirement plans, tax exempt organizations and governments.

November 21, 2023 ¡ª Binance Holdings Limited (Binance), the entity that operates the world¡¯s largest cryptocurrency exchange, Binance.com, pleaded guilty today and has agreed to pay over $4 billion to resolve the Justice Department¡¯s investigation into violations related to the Bank Secrecy Act (BSA), failure to register as a money transmitting business, and the International Emergency Economic Powers Act (IEEPA).

April 30, 2025 ¡ª Marc H. Silverman, Acting United States Attorney for the District of Connecticut, Anish Shukla, Acting Special Agent in Charge of the New Haven Division of the Federal Bureau of Investigation, Stephen P. Belleau, Acting Special Agent in Charge of the Drug Enforcement Administration for New England, today announced that a federal grand jury in Hartford returned a 10-count indictment today charging Keyshon Zimmerman, also known as ¡°AJ,¡± ¡°Ace,¡± and ¡°Slick,¡± of Stratford; Robert Smith, also known as ¡°Mookie,¡± of Ansonia; and Mahogany Pettway-Stokes, of Ansonia with offenses related to the trafficking of fentanyl and cocaine in the Naugatuck Valley.

Jan. 24, 2025 ¡ª A Bedford man was sentenced yesterday in federal court for his scheme to willfully fail to pay more than $14 million in payroll taxes owed to the IRS and failing to file and pay his personal taxes, Acting U.S. Attorney Jay McCormack and Acting Deputy Assistant Attorney General Karen E. Kelly of the Justice Department¡¯s Tax Division announce.