obÌåÓý

Feb. 21, 2024 ¡ª A Middlesex County, New Jersey, man was sentenced today to 33 months in prison for his role in fraudulently obtaining over $2.1 million in federal Paycheck Protection Program (PPP) loans and Economic Injury Disaster Loans (EIDL), U.S. Attorney Philip R. Sellinger announced.

March 31, 2025 ¡ª Today, the Department of the Treasury¡¯s Office of Foreign Assets Control (OFAC) designated six individuals and seven entities involved in a money laundering network supporting the Sinaloa Cartel, one of the most notorious and violent drug trafficking organizations in the world, and a U.S.-designated Foreign Terrorist Organization (FTO). The Sinaloa Cartel is responsible for a significant portion of the illicit fentanyl and other deadly drugs trafficked into the United States and has exploited multiple ports of entry along the southern border for its criminal activities.

June 28, 2022 ¡ª United States Attorney Alison J. Ramsdell announced that a Longmont, Colorado, man convicted of Impeding the Internal Revenue Service was sentenced on June 21, 2022, by U.S. District Judge Lawrence L. Piersol.

December 1, 2023 ¡ª A Massachusetts man was sentenced today to 18 months in prison for evading taxes on income he earned as a commercial fisherman.

IR-2023-140, Aug. 4, 2023 ¡ª The IRS issued Notice 2023-59 today regarding the requirements for home energy audits for taxpayers that want to claim the Energy Efficient Home Improvement Credit.

Final regulations on the medical device excise tax that manufacturers and importers will pay on sales of certain medical devices; interim guidance on the determination of sale price; and other related issues.

June 28, 2022 ¡ª A Warren County, New Jersey, businessman today admitted fraudulently obtaining nearly $1.8 million in federal Paycheck Protection Program (PPP) loans, U.S. Attorney Philip R. Sellinger and Assistant Attorney General Kenneth A. Polite Jr. of the Justice Department's Criminal Division announced.

Jan. 23, 2024 ¡ª A Florida woman was sentenced today to two years in prison for a scheme to file false tax returns and to two years in prison for an unrelated online romance scam. The two sentences are to run concurrently with each other.

FAQs about the limitation on the deduction for business interest expense, also known as the ¡°section 163(j) limitation.¡±

April 16, 2024 ¡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, was sentenced by United States District Judge Joan M. Azrack to 24 months in prison. Finley pleaded guilty in May 2023 to disaster relief fraud and wire fraud in connection with his receipt of $3.2 million dollars in small business loans under the Paycheck Protection Program (PPP) and Economic Injury Disaster Loan Program (EIDLP). As part of his sentence, Finley has paid in full $3.2 million in restitution. As part of his sentence, Finley was also ordered to pay a $15,000 fine and complete 500 hours of community service.