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Information to help small businesses or self-employed taxpayers understand how the Tax Cuts and Jobs Act could affect their bottom line and how the changes for individuals relate to certain business situations.

IR-2024-272, Oct. 18, 2024 ¡ª The Treasury Department and Internal Revenue Service today issued Notice 2024-74 for the Sustainable Aviation Fuel (SAF) credit created by the Inflation Reduction Act.

FS-2023-16, June 2023 ¡ª The Inflation Reduction Act (IRA) provided $10 billion in funding for the Qualifying Advanced Energy Project Credit Allocation Program under section 48C(e).

November 2, 2023 ¡ª Today, Jill Nicole Ford of Edmond, Oklahoma, was sentenced to serve 20 months in federal prison and pay $252,143.35 in restitution for bank fraud and money laundering related to a loan obtained through the Main Street Lending Program (MSLP), a lending facility established by the Federal Reserve Board and supported with funding authorized by the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), announced U. S. Attorney Robert J. Troester.

IR-2022-193, November 3, 2022 ¡ª The Internal Revenue Service today issued three notices asking for comments on different aspects of extensions and enhancements of energy tax benefits in the Inflation Reduction Act.

IR-2022-172, October 5, 2022 ¡ª The Internal Revenue Service today issued six notices asking for comments on different aspects of extensions and enhancements of energy tax benefits in the Inflation Reduction Act.

The Achieving a Better Life Experience (ABLE) Act permits a state to establish and maintain a new type of tax-advantaged savings program (under Section 529A of the Internal Revenue Code) for a qualified disabled person.

October 25, 2023 ¡ª A New Jersey man admitted guilt in a U.S. District courtroom in southern Illinois Tuesday to acting as a middleman between an India-based pharmaceutical distribution company and customers in the United States.

Jan. 21, 2025 ¡ª A Middlesex County, New Jersey man today admitted defrauding victims in South Korea through a bogus investment scheme, Acting U.S. Attorney Vikas Khanna announced.

IRC 432(k), added by section 9704 of the American Rescue Plan Act of 2021, provides rules relating to eligible multiemployer defined benefit plans that apply to PBGC for special financial assistance.