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Public Law 115-97 (Tax Cuts and Jobs Act of 2017) enacted section 250 for the allowance of a deduction for the eligible percentage of Foreign-Derived Intangible Income (FDII) and Global Intangible Low-Taxed Income (GILTI). Use Form 8993, Section 250 Deduction for Foreign Derived Intangible Income (FDII) and Global Intangible Low-Taxed Income (GILTI), to figure the amount of the eligible deduction for FDII and GILTI under section 250.

May 21, 2025 ¡ª Gregory Michael Vogel a.k.a. Gregory Michael Schneider was sentenced yesterday to 51 months in federal prison after having previously pleaded guilty to eight counts of wire fraud and one count of money laundering for carrying out an investment scheme that defrauded investors of over one million dollars, announced Acting United States Attorney Robert E. McGuire for the Middle District of Tennessee.

July 20, 2023 ¡ª An Everett, Washington, man pleaded guilty today in U.S. District Court in Seattle to aiding and assisting with the filing of false tax returns, announced Acting U.S. Attorney Tessa M. Gorman. Abinet Onkiso pleaded guilty to four counts and faces up to three years in prison per count when sentenced by U.S. District Judge Robert S. Lasnik on October 19, 2023.

March 14, 2024 ¡ª Alexander M.M. Uballez, United States Attorney for the District of New Mexico, and Carissa Messick, Acting Special Agent in Charge, IRS Criminal Investigation Phoenix Field Office, announced today that Victor Kearney was sentenced to 27 months in prison and ordered to pay $1,188,645.00 in restitution. A federal jury convicted Kearney, of Zephyr Cove, Nevada, for filing false tax returns on March 10, 2023.

April 26, 2024 ¡ª Domenick Nardone appeared in federal court in Oakland this week to face conspiracy, wire fraud, money laundering, and related charges for his alleged role in a kickback scheme that defrauded Williams Sonoma, Inc. (WSI) of millions of dollars, announced United States Attorney Ismail J. Ramsey and IRS Criminal Investigation (CI) Acting Special Agent in Charge Michael Mosley of the Oakland Field Office.

May 7, 2024 ¡ª Vanessa Roberts Avery, United States Attorney for the District of Connecticut, Stephen Belleau, Acting Special Agent in Charge of the Drug Enforcement Administration for New England, and New Haven Police Chief Karl Jacobson today announced that a federal grand jury in Hartford has returned an indictment charging Levern Marion of West Haven, with possession with intent to distribute 500 grams or more of cocaine and a quantity of fentanyl.

April 25, 2023 ¡ª Roger Chi Quan, pleaded guilty to crimes related to a scheme to underreport his 2017 business income by over $4 million, announced United States Attorney Ismail J. Ramsey and Kareem Carter, Acting Special Agent in Charge of the IRS - Criminal Investigation Washington D.C. Field Office. The guilty plea was accepted by the Honorable Edward J. Davila, United States District Court.

Jan. 23, 2025 ¡ª An India- and New Jersey-based man who operated jewelry companies in New York City¡¯s Diamond District was sentenced to 30 months incarceration for spearheading a scheme to illegally evade customs duties for more than $13.5 million of jewelry imports into the United States and for illegally processing more than $10.3 million through an unlicensed money transmitting business, Acting U.S. Attorney Vikas Khanna announced.

This survey is an important project that can benefit the administration of your retirement plan. We are conducting a survey of randomly selected retirement plans to learn more about ways to improve the reporting and disclosure requirements of retirement plans. Your answers will help us find ways to consolidate, simplify, and improve the reporting and disclosure requirements of retirement plans under the Employee Retirement Income Security Act (ERISA) and the Internal Revenue Code.

March 5, 2025 ¡ª A clinical social worker nicknamed by her co-workers as the ¡°Five Minute Queen¡± who, at times, substituted a one or two sentence conversation for a billed 45-minute therapy session for her addicted patients has been sentenced to three years of supervised release, the first three months to be served in home detention with electronic monitoring, announced Acting United States Attorney Sara Miron Bloom.