The Internal Revenue Service (IRS) issued a News Release on March 28, 2024, discussing its latest efforts to combat paycheck protection program (PPP) and employee retention credit (ERC) fraud. This date was significant because it was the four-year anniversary of the CARES Act, which established both the PPP and the ERC. The IRS’ News Release makes clear that combating PPP and ERC fraud remains a top priority for both it and the U.S. Department of Justice (DOJ), and this makes it important for those who have concerns to speak with an experienced Boston tax lawyer promptly.

Now that Tax Day has come and gone, businesses in Boston need to start preparing for what’s next. For many, this simply means ensuring they are prepared to make their next estimated tax payment on June 17. But, for some, this means preparing for an IRS tax audit. In this article, Boston business tax lawyer Kevin E. Thorn, Managing Partner of Thorn Law Group, explains what local business owners need to know about facing IRS scrutiny in 2024.