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September 22, 2023 ¡ª Damian Williams, the United States Attorney for the Southern District of New York, and James Smith, the Assistant Director in Charge of the New York Field Office of the Federal Bureau of Investigation (¡°FBI¡±), announced that an Indictment was unsealed this morning charging U.S. Senator Robert Menendez, his wife Nadine Menendez, a/k/a ¡°Nadine Arslanian,¡± and three New Jersey businessmen, Wael Hana, a/k/a ¡°Will Hana,¡± Jose Uribe, and Fred Daibes, with participating in a years-long bribery scheme. The Indictment alleges that Menendez and his wife, Nadine Menendez, accepted hundreds of thousands of dollars of bribes from Hana, Uribe, and Daibes in exchange for Menendez¡¯s agreement to use his official position to protect and enrich them and to benefit the Government of Egypt. Among other things, Menendez agreed and sought to pressure a senior official at the U.S. Department of Agriculture in an effort to protect a business monopoly granted to Hana by Egypt, disrupt a criminal case undertaken by the New Jersey Attorney General¡¯s Office related to associates of Uribe, and disrupt a federal criminal prosecution brought by the U.S. Attorney¡¯s Office for the District of New Jersey against Daibes. Menendez, Nadine Menendez, Hana, Uribe, and Daibes are expected to appear in federal court in Manhattan on Wednesday, September 27, 2023, at 10:30 a.m. The case is assigned to U.S. District Judge Sidney H. Stein.

IR-2023-194, Oct. 20, 2023 ¡ª Following a dramatically improved 2023 filing season thanks to Inflation Reduction Act (IRA) investments, the Internal Revenue Service has targeted IRA resources on strengthening enforcement, with announcements on new initiatives to pursue high-income, high-wealth individuals who do not pay overdue tax bills and complex partnerships.

Frequently asked questions about the Recovery Rebate Credit.

Special disaster relief tax law provisions help individuals and businesses through financial crisis.?

Fishing rights-related income is exempt from federal and state taxes if it meets certain criteria stated in IRC Section 7873.

November 10, 2023 ¡ª A 16-count indictment and 16-count superseding indictment were unsealed in federal court in Brooklyn charging Indonesian national Francius Marganda with securities fraud, wire fraud, money laundering and related conspiracy counts for running a Ponzi scheme from May 2019 to May 2021 that targeted hundreds of victim investors residing in more than 12 states including New York and in Indonesia. Marganda was extradited to the Eastern District of New York from Signapore yesterday and will be arraigned on November 13, 2023 before United States Chief Magistrate Judge Lois Bloom.

Self-Correct Defective 403(b) Plan Provisions During the Remedial Amendment Period

SARSEP Fix-It Guide - You haven¡¯t updated your SARSEP plan document for current law

PR-2023-04, May 9, 2023 ¡ª Although the tax filing deadline has passed, some taxpayers may still need help with a tax concern or have questions about an IRS notice. To help, the IRS is opening IRS Taxpayer Assistance Centers (TAC) for a special Saturday opening from 9 a.m. to 4 p.m. on May 13.

IR-2024-193, July 23, 2024 ¡ª In the third part of a special series, the Internal Revenue Service and the Security Summit partners today urged tax professionals to learn the signs of data theft so they can respond quickly to protect their business and their clients.