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Found 1355 Matching Items; Displaying 811 - 820.

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

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.
News
News Media

SOI tax stats - Selected taxpayer assistance and education programs, by type of assistance or program - IRS Data Book Table 9

SOI tax stats - Selected taxpayer assistance and education programs, by type of assistance or program - IRS Data Book Table 9
About IRS

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

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

Dealing with Disaster from an Individual Tax Perspective - YouTube video text script

YouTube video titled "Dealing with Disaster from an Individual Tax Perspective"
General Information
Individuals

Current valid XML schemas and business rules for exempt organizations and other tax exempt entities Modernized e-File

Information and technical guidance for software developers and transmitters who are interested in developing softrware for the Modernized e-File Forms 990, 990-EZ, 990-PF, 990-N, 1120-POL and 8868.
Software Development
Software Developers

California man sentenced to 10 years for drug conspiracy

Sept. 18, 2024 — A federal grand jury returned an indictment today charging Kristopher Thomas, Charmane Dozier, Kettisha Thompson-Dozier, and Sharon Vance with conspiracy to commit tax fraud, U.S. Attorney Phillip A. Talbert announced.
News
News Media

Actions to take if a Form 1099-K is received in error or with incorrect information

FS-2023-07, March 2023 — With this year’s April 18 tax deadline just around the corner, the Internal Revenue Service is offering these tips to taxpayers who received an incorrect Form 1099-K or received one of these forms in error. The IRS also explains how to report these transactions on their tax return.
General Information
Individuals, Sole Proprietors, Small Businesses, Self-Employed

IRS ramps up new initiatives using Inflation Reduction Act funding to ensure complex partnerships, large corporations pay taxes owed, continues to close millionaire tax debt cases

IR-2024-09, Jan. 12, 2024 — The Internal Revenue Service announced today continued progress to expand enforcement efforts related to high-income individuals, large corporations and complex partnerships as part of wider efforts to transform the agency.
News
News Media

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