If the Internal Revenue Service (IRS) has raided your home or business in Boston, you need to be very careful about your next steps. IRS raids frequently lead to serious criminal charges—including charges that carry fines and prison time for individual taxpayers and corporate executives. Find out what you need to do to protect yourself from Boston criminal tax attorney Kevin E. Thorn, Managing Partner of Thorn Law Group.Read More

Earlier this year, the Internal Revenue Service (IRS) published a News Release touting its efforts to uncover and prosecute pandemic-era fraud. Since then, it has issued numerous additional News Releases highlighting specific enforcement actions involving the Paycheck Protection Program (PPP) and Employee Retention Credit (ERC). As a result, it is clear that PPP and ERC fraud remain top priorities for the IRS heading into 2025. Learn more from Boston criminal tax lawyer Kevin E. Thorn, Managing Partner of Thorn Law Group.Read More

The IRS has just reopened its Voluntary Disclosure Program (VDP), offering businesses a limited-time opportunity to correct improper Employee Retention Credit (ERC) claims before facing severe consequences. Available until November 22, 2024, the program allows businesses to amend their ERC filings at a 15% discount, helping them avoid future audits, penalties, and interest. The IRS has already initiated over 460 false disclosure investigations, but there’s still time to act. If your company is among those that may have inadvertently claimed the ERC incorrectly, now is the time to act.Read More

The Internal Revenue Service (IRS) has announced a withdrawal process for businesses that have concerns about the validity of their Employee Retention Credit (ERC) claims. As the IRS explains, it will treat withdrawn ERC claims “as if they were never filed,” and it will not impose penalties or interest.Read More

Faced with a wave of fraudulent claims, the Internal Revenue Service (IRS) has ordered an immediate stop to the processing of all claims for the federal Employee Retention Credit (ERC). As a pandemic-era economic relief program, the ERC was only available for the 2020 and 2021 tax years, but until recently, eligible businesses that did not claim the ERC during these tax years could do so retroactively.Read More