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Found 729 Matching Items; Displaying 401 - 410.

IRS, Treasury disburse more Economic Impact Payments under the American Rescue Plan; total tops 130 million with more to come

IR-2021-72, April 1, 2021 — Today, the Internal Revenue Service, the U.S. Department of the Treasury and the Bureau of the Fiscal Service announced they are disbursing several million more payments in the third batch of Economic Impact Payments from the American Rescue Plan.
News
News Media

Baltimore man indicted for allegedly submitting fraudulent Covid-19 relief loan applications and stealing the identity of a tax preparer

June 30, 2022 — Defendant alleged to have submitted falsified tax documents, fraudulent economic disaster relief loan applications, and CARES Act Paycheck Program Protection loan applications on behalf of his recently revived company
News
News Media

Indictment charges district woman with failure to pay approximately $930,000 in federal income and employment taxes for marijuana dispensary

March 6, 2025 — Jennifer Brunenkant of Washington, D.C., was charged today in a 19-count indictment unsealed in U.S. District Court with evading and failing to pay federal income and employment taxes associated with her business Herbal Alternatives II, LLC, which at all relevant times operated a marijuana dispensary that was licensed in the District of Columbia.
News
News Media

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.
News
News Media, Individuals, Tax Professionals

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.
News
News Media

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.
News
News Media

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.
News
News Media

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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News Media

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.
News
News Media

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.
News
News Media, Individuals

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