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Miscellaneous types of organizations that qualify for exemption from federal income tax.

September 29, 2022 ¡ª United States Attorney Alison J. Ramsdell announced today that a Burgaw, North Carolina, man convicted of Conspiracy to Defraud the United States and Attempts to Interfere with Administration of Internal Revenue Laws was sentenced on September 26, 2022, by U.S. District Judge Lawrence L. Piersol.

October 19, 2022 ¡ª A federal jury today convicted Douglas Smith, of Strongsville, Ohio, of four counts of attempting to evade payment of income taxes for the tax years 2004 to 2012 and 2014 to 2017.

IR-2024-58, March 1, 2024 ¡ª The Internal Revenue Service¡¯s Free File Guided Tax Software service has seen a year-over-year increase of nearly 10% so far this filing season, according to new statistics released today.

May 27, 2025 ¡ª Acting United States Attorney Alexander C. Van Hook announced that Brian T. Owen, of Caddo Parish, Louisiana, has been sentenced for money laundering. United States District Judge S. Maurice Hicks, Jr. sentenced Owen to 30 months in prison, followed by 3 years of supervised release, $100,000 fine, and ordered him to pay $1,157,154.39 in restitution.

Information about Form 8820, Orphan Drug Credit, including recent updates, related forms and instructions on how to file. Use this form to claim the orphan drug credit. The credit is 50% of qualified clinical testing expenses paid or incurred during the tax year.

This page provides up-to-date information on filing addresses for certain elections, statements, returns and other documents required by the Code of Federal Regulations (CFR) Title 26

Issue Snapshot - IRC Section 4946 - Definition of Disqualified Person

Estate/Wealth/Gift Statistics Personal Wealth

Section 1061 was added to the Internal Revenue Code as part of the Tax Cuts and Jobs Act (TCJA). For taxable years beginning after December 31, 2017, section 1061 recharacterizes certain net long-term capital gains of a partner that holds one or more applicable partnership interests as short-term capital gains. The provision generally requires that a capital asset be held for more than three years for capital gain allocated with respect to any applicable partnership interest (API) to be treated as long-term capital gain.