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December 8, 2023 ¡ª An Orange County man was sentenced today to 18 months in federal prison for conspiring to procure and illegally ship high-end computer servers from the United States to Iran, in violation of the International Emergency Powers Act (IEEPA) and U.S. sanctions against Iran.

May 1, 2024 ¡ª A Chicago woman has been sentenced to a year and a half in federal prison for participating in an organized scheme to fraudulently obtain more than $16 million in small business loans and grants under the Coronavirus Aid, Relief, and Economic Security (CARES) Act.

January 13, 2023 ¡ª Four South Florida residents have been sentenced to prison for participating in a conspiracy to defraud the Paycheck Protection Program (PPP) out of loan proceeds. These loans are guaranteed by the Small Business Administration under the Coronavirus Aid, Relief, and Economic Security Act.

May 6, 2022 ¡ª Two Florida men were sentenced today for leading a nationwide scheme to defraud the Paycheck Protection Program (PPP) for millions of dollars in loans guaranteed by the Small Business Administration (SBA) under the Coronavirus Aid, Relief, and Economic Security (CARES) Act.

June 2, 2022 ¡ª Niraj Patel, of Mason, Ohio, pleaded guilty to filing a false tax return and false statements and concealment of facts in documents required by The Employee Retirement Income Security Act of 1974 (ERISA). On May 2, 2022, Patel was charged by bill of information.

Recently, the Supreme Court ruled that the Professional and Amateur Sports Protection Act was unconstitutional. As a result, each state may decide whether to allow sports wagering. Sports wagering, like wagering in general, is subject to federal excise taxes, regardless of whether the activity is allowed by the state.

May 6, 2025 ¡ª Tou Sue Vang, of Sacramento, was sentenced today to 12 years in prison for his role in transporting thousands of stolen catalytic converters across state lines, laundering money, and other related crimes, Acting U.S. Attorney Michele Beckwith announced.

IR-2023-141, Aug. 4, 2023 ¡ª The Department of the Treasury and the IRS today issued guidance for manufacturers, producers and importers of certain drugs regarding the tax imposed by section 5000D of the Internal Revenue Code. Section 5000D was enacted as part of the Inflation Reduction Act.

Major tax reform was approved by Congress in the Tax Cuts and Jobs Act (TCJA) on December 22, 2017. The IRS is working on 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.

Major tax reform was approved by Congress in the Tax Cuts and Jobs Act (TCJA) on December 22, 2017. The IRS is working on 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.