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May 9, 2023 ¡ª A dozen Kansas City metropolitan residents have been indicted for their roles in a conspiracy that resulted in nearly $250,000 in fraudulent Paycheck Protection Program (PPP) loans being issued under the Coronavirus Aid, Relief, and Economic Security (CARES) Act.

Feb. 12, 2025 ¡ª Marc H. Silverman, Acting United States Attorney for the District of Connecticut, today announced that Joshuwa Diaz of New Haven, pleaded guilty yesterday before U.S. District Judge Vernon D. Oliver in Hartford to a narcotics trafficking offense.

June 8, 2022 ¡ª A Las Vegas resident was sentenced today to one year and nine months in prison for filing fraudulent loan applications that sought over $100,000 in loans guaranteed by the Small Business Administration under the Coronavirus Aid, Relief, and Economic Security Act.

November 2, 2022 ¡ª Luke Joselin, of Coral Springs, Fla., was sentenced today to 84 months in federal prison for seeking nearly $2 million in fraudulent Paycheck Protection Program (PPP) loans under the Coronavirus Aid, Relief, and Economic Security (CARES) Act.

Major tax reform was approved by Congress in the Tax Cuts and Jobs Act (TCJA) on December 22, 2017. The IRS is implementing this major tax legislation that will affect both individuals and businesses. We will provide information and guidance to taxpayers, businesses and the tax community as it becomes available.

IR-2024-257, Oct. 3, 2024 ¡ª The Department of the Treasury and the Internal Revenue Service today issued guidance addressing long-term, part-time employees in 403(b) retirement plans under the SECURE 2.0 Act, which applies to 403(b) plans beginning in 2025.

FS-2023-25, Nov. 2023 ¡ª Following a dramatically improved 2023 Filing Season thanks to Inflation Reduction Act (IRA) investments, the U.S. Department of the Treasury (Treasury) and Internal Revenue Service (IRS) announced additional improvements taxpayers will experience next Filing Season.?

IR-2024-46, Feb. 21, 2024 ¡ª Using Inflation Reduction Act funding and as part of ongoing efforts to improve tax compliance in high-income categories, the Internal Revenue Service announced today plans to begin dozens of audits on business aircraft involving personal use.

IR-2024-150, May 29, 2024 ¡ª The Department of the Treasury and the Internal Revenue Service today issued proposed regulations under the Inflation Reduction Act for owners of qualified clean electricity facilities and energy storage technology that may want to claim relevant tax credits.

Major tax reform was approved by Congress in the Tax Cuts and Jobs Act (TCJA) on December 22, 2017. The IRS is implementing this major tax legislation that will affect both individuals and businesses. We will provide information and guidance to taxpayers, businesses and the tax community as it becomes available.