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December 5, 2022 ¡ª Suspended plaintiffs¡¯ lawyer Michael John Avenatti was sentenced today to 168 months in federal prison for stealing millions of dollars from his clients ¨C one of whom was a paraplegic with mental health issues ¨C and for obstructing the IRS¡¯s efforts to collect more than $3 million in payroll taxes from an Avenatti-owned coffee business.

May 25, 2022 ¡ª An investigation by the Orange County Asian Organized Crime Task Force has resulted in the arrest of seven out of nine defendants charged in three indictments that allege an array of criminal conduct, including drug trafficking, the attempted extortion and subsequent robbery of a small business, bribery of a police officer and operating illegal casinos.

A hospital organization meets the requirements of Section 501(r)(5) with respect to a hospital facility it operates only if the hospital facility (and any substantially-related entity) limits the amount charged for any emergency or other medically necessary care it provides to a FAP-eligible individual to not more that the amount generally billed (AGB) to individuals who have insurance covering such care.

A plan that meets the definition of a church plan in IRC Section 414(e) is exempt from certain requirements imposed on other tax-qualified retirement plans under the Internal Revenue Code (IRC). obÌåÓýever, a church plan sponsor can elect under IRC Section 410(d) to have the plan treated as though it were not an exempt church plan. Plans for which no IRC Section 410(d) election was made are known as ¡°non-electing church plans.¡±

This section defines FDAP income and discusses its tax treatment.

IRC Section 104 provides an exclusion from taxable income with respect to lawsuits, settlements and awards. obÌåÓýever, the facts and circumstances surrounding each settlement payment must be considered.

IRS has information that is different from what you reported on your tax return. IRS CP3219A Notice explains how we calculated your tax. You may challenge this in U.S. Tax Court.

This Issue Snapshot focuses on underfunded single-employer defined benefit plans that are subject to IRC Section 430, are covered by Title IV of ERISA, and have been terminated in a standard termination under ERISA Section 4041(b).

Calculate, pay or remove the Failure to File Penalty when you don¡¯t file your tax return by the due date.

IR-2023-67, April 3, 2023 ¡ª Today the Internal Revenue Service closed out the 2023 Dirty Dozen campaign with a warning for taxpayers to beware of promoters peddling bogus tax schemes aimed at reducing taxes or avoiding them altogether.