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December 8, 2023 ¡ª A Paramount-based clothing wholesale company was fined $4 million, ordered to pay $6,390,781 in restitution, and placed on probation for five years for undervaluing imported garments in a scheme to avoid paying millions of dollars in customs duties and for doing business with a woman linked to Mexico's Sinaloa drug cartel.

Feb. 7, 2024 ¡ª A Massachusetts man pleaded guilty today to evading taxes on income he earned as a commercial fisherman.

Frequently Asked Questions about Taxation of Provider Relief Payments

IR-2023-160, Sept. 1, 2023 ¡ª The Internal Revenue Service reminded consumers considering an automobile purchase to be sure to understand several recent changes to the new Clean Vehicle Credit for qualified plug-in electric drive vehicles, including qualified manufacturers and tax rules.

Jan. 10, 2025 ¡ª On Jan. 8, U.S. District Judge Melissa Damian entered a final judgment forfeiting to the United States over $20 million in foreign bribery and money laundering proceeds, including interest.

August 24, 2023 ¡ª The former chief of staff to the speaker of the Illinois House of Representatives was convicted today of providing false material testimony under oath to a federal grand jury and attempting to obstruct its investigation into allegations of public corruption.

June 21, 2023 ¡ª A Richmond County man has been sentenced to federal prison for conducting a scheme to submit fraudulent applications for COVID-19 small business relief funding that netted more than $4.5 million in payments.

IR-2023-156, Aug. 29, 2023 ¡ª The Treasury Department and Internal Revenue Service today issued proposed regulations related to the increased tax credit or deduction amounts for clean energy facilities and projects if taxpayers satisfy certain prevailing wage and registered apprenticeship (PWA) requirements.

May 24, 2023 ¡ª Earlier today, at the federal courthouse in Central Islip, Donald Finley, a Locust Valley businessman and owner of the now-defunct Jekyll & Hyde theme restaurant in Manhattan and the Bayville Adventure Park on Long Island, pleaded guilty to disaster relief fraud and wire fraud in connection with his receipt of millions of dollars in small business loans under the Paycheck Protection Program (PPP) and Economic Injury Disaster Loan Program (EIDLP). Today's proceeding was held before United States Magistrate Judge Arlene R. Lindsay. When sentenced, Finley faces up to 30 years in prison, as well as restitution totaling more than $3.2 million and a fine of up to $1.25 million.

Sept. 6, 2024 ¡ª Wynn Las Vegas, the Las Vegas casino and subsidiary of Wynn Resorts, Limited, agreed today to forfeit $130,131,645 to settle criminal allegations that it conspired with unlicensed money transmitting businesses worldwide to transfer funds for the financial benefit of the casino.