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The Tax Cuts and Jobs Act ("TCJA") made significant changes that affect international and domestic businesses, such as deductions, depreciation, expensing, tax credits and other tax items. This side-by-side comparison can help taxpayers understand the changes and plan accordingly.

May 5, 2022 ¡ª Jehoaddan Wilson was sentenced in federal court today to 81 months for filing false tax claims, wire fraud, and aggravated identity theft in a tax fraud scheme that caused losses of $902,040, announced United States Attorney Stephanie M. Hinds and Internal Revenue Service-Criminal Investigation (IRS-CI) Special Agent in Charge Mark H. Pearson. The sentence was handed down by United States District Judge Jon S. Tigar.

IR-2023-166, Sept. 8, 2023 ¡ª Capitalizing on Inflation Reduction Act funding and following a top-to-bottom review of enforcement efforts, the Internal Revenue Service announced today the start of a sweeping, historic effort to restore fairness in tax compliance by shifting more attention onto high-income earners, partnerships, large corporations and promoters abusing the nation¡¯s tax laws.

October 23, 2023 ¡ª A former special agent with Homeland Security Investigations (HSI) has been sentenced to more than six years in federal prison for tax, structuring, and concealment offenses.

IR-2023-16, January 27, 2023 ¡ª The Internal Revenue Service and partners nationwide today kicked off their Earned Income Tax Credit Awareness Day outreach campaign to help millions of Americans who earned $59,187 or less last year take advantage of the Earned Income Tax Credit (EITC).

May 4, 2022 ¡ª Timothy M. O¡¯Shea, United States Attorney for the Western District of Wisconsin, announced that Barbara Bortner, Milton, Wisconsin, was sentenced today by U.S. District Judge William M. Conley to 3 ? years in prison for wire fraud and tax evasion. Bortner, the former Vice President of Marketing and Public Relations at Mercyhealth in Janesville, pleaded guilty to these charges on October 14, 2021.

Nov. 22, 2024 ¡ª A co-founder of a so-called Christian health care sharing ministry in St. Joseph, Mo., has been sentenced in federal court for his role in an $8 million wire fraud conspiracy that cheated hundreds of members, and for making false statements on a personal tax return.

IR-2024-115, April 18, 2024 ¡ª The Internal Revenue Service today issued its annual Data Book detailing the agency¡¯s activities during fiscal year 2023 (Oct. 1, 2022 ¨C Sept. 30, 2023), including revenue collected and tax returns processed.

July 20, 2022 ¡ª A California man pleaded guilty today to conspiring with others in separate fraud schemes to defraud the IRS and the Paycheck Protection Program (PPP), a federal loans initiative designed to help businesses pay their employees and meet expenses during the COVID-19 pandemic.

Oct. 23, 2023 ¡ª A former special agent with Homeland Security Investigations (HSI) has been sentenced to more than six years in federal prison for tax, structuring, and concealment offenses.