Found 699 Matching Items; Displaying 391 - 400.
New Bedford man pleads guilty to evading more than 400,000 dollars in federal income taxes
February 15, 2023 — A New Bedford man pleaded guilty yesterday in federal court in Boston to evading more than $431,000 in federal income taxes over the course of seven years.
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New school year reminder to educators; maximum educator expense deduction rises to $300 in 2022
IR-2022-148, August 10, 2022 — As the new school year begins, the Internal Revenue Service reminds teachers and other educators that they’ll be able to deduct up to $300 of out-of-pocket classroom expenses for 2022 when they file their federal income tax return next year.
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News Media, Individuals, Tax Professionals
Bozeman construction company owner sentenced to prison, fined $75,000 for failing to pay taxes to IRS
Aug. 14, 2024 — The owner of a Bozeman construction company who admitted not paying to the IRS employee-related taxes of more than $800,000 was sentenced today to federal prison and fined $75,000, U.S. Attorney Jesse Laslovich said.
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Owner of trucking companies sentenced to 10 years in prison for conspiracy in fatal tanker explosion, tax evasion and COVID fraud
November 29, 2022 — The owner of several Inland Empire-based trucking companies was sentenced today to 120 months in federal prison for ordering the illegal repair of a tanker that resulted in an explosion and the death of one his employees – the second time one of his welders was killed.
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United States, Malta sign a competent authority arrangement (CAA) confirming pension fund meaning
IR-2021-253, December 21, 2021 — The competent authorities of the United States and Malta signed a competent authority arrangement (CAA) confirming their understanding of the meaning of pension fund for purposes of the United States–Malta income tax treaty (Treaty). The competent authorities have entered into this agreement after becoming aware that U.S. taxpayers with no connection to Malta were misconstruing the pension provisions of the Treaty to avoid income tax on the earnings of, and distributions from, personal retirement schemes established in Malta.
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Ocean City business owner admits to intentionally failing to report $70,000 in annual income tax
June 30, 2022 — Sunil Chawla (“Chawla”), of Berlin, Maryland, pleaded guilty today to tax fraud. As part of his plea agreement, Chawla will be required to pay $70,000 in restitution.
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IRS completes automatic corrections of tax year 2020 accounts related to unemployment compensation exclusion; 12 million refunds issued
IR-2023-02, January 6, 2023 — The Internal Revenue Service recently completed the final corrections of tax year 2020 accounts for taxpayers who overpaid their taxes on unemployment compensation they received in 2020.
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IRS statement — Inventory
June 22, 2022 — The IRS is committed to having healthy inventories by the end of this year and continues to make strong progress handling unprocessed tax returns. This follows unprecedented actions taken by the agency, and these intensive efforts to help taxpayers will continue in the months ahead.
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News Media, Individuals, Tax Professionals
Co-founder of medical charity in St. Joseph sentenced to 17 years in prison for $8 million fraud scheme
June 26, 2024 — The co-founder of a so-called Christian health care sharing ministry in St. Joseph, Mo., was sentenced in federal court today for his role in an $8 million wire fraud conspiracy that cheated hundreds of members, and to making false statements on a personal tax return.
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National Taxpayer Advocate issues midyear report to Congress; expresses concern about continued refund delays and poor taxpayer service
IR-2022-129, June 22, 2022 — National Taxpayer Advocate Erin M. Collins today released her statutorily mandated midyear report to Congress. The report expresses concern about continuing delays in the processing of paper-filed tax returns and the consequent impact on taxpayer refunds.
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