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IRS Reopens Employee Retention Tax Credit Voluntary Disclosure Program

The ERC is a legitimate, refundable tax credit designed to help businesses that continued to pay employees while they were shut down because of the COVID-19 pandemic or that experienced a significant decline in gross receipts...more

IRS Begins Processing Some Employee Retention Tax Credit Claims Filed During the Moratorium

The Internal Revenue Service has adjusted its moratorium on processing Employee Retention Tax Credit (ERC) claims, announcing last week it will begin processing claims filed between September 14, 2023 and January 31, 2024. In...more

IRS Increases Pressure on Businesses That Claimed Employee Retention Tax Credits

The Internal Revenue Service (IRS) recently issued a news release identifying five new signs that a business’s Employee Retention Tax Credit (ERC) may be incorrect. It has also begun issuing a third round of letters denying...more

The Presumption of Innocence Podcast: Episode 38 - A Blueprint for Compliance: The Fraud Pentagon Theory [Audio]

How can you pinpoint employee behaviors that signal a potential risk of fraud in your company, especially if you operate in a highly regulated industry? Join host Matt Adams for this insightful episode featuring Nicole...more

IRS Identifies Seven ERC Red Flags (and Other ERC Updates)

The IRS recently issued a news release identifying seven signs that a business’s Employee Retention Tax Credit (the ERC) may be incorrect. The IRS identified these warning signs based on feedback from tax professionals and...more

Bill Proposes January 31 as Last Day to File Employee Retention Credit Claims

The House Ways and Means Committee recently advanced a bill that gives businesses a proposed deadline of January 31, 2024 to file Employee Retention Credit (ERC) claims. Known as the Tax Relief for American Families and...more

New IRS Program Lets Businesses Repay Questionable Employee Retention Credits at a Discount

The Internal Revenue Service has announced a new Voluntary Disclosure Program (VDP) that offers businesses a limited-time opportunity to repay improperly claimed Employee Retention Credits (ERC) at a discount while avoiding...more

IRS Offers Employers a Chance to Withdraw Inaccurate Employee Retention Credit Claims

Amid an ongoing federal crackdown on fraud in COVID-19 relief programs, the IRS announced that it will offer certain employers an opportunity to withdraw Employee Retention Credit (ERC) claims if they are concerned about...more

IRS Halts Processing of New Employee Retention Credit Claims, Redoubles Efforts Against Fraud

Responding to concerns about extensive fraud and scams involving the Employee Retention Credit (ERC), the Internal Revenue Service (IRS) has stopped processing new ERC claims, published updated frequently asked questions...more

The Presumption of Innocence Podcast: Episode 25 - An Investigative Journalist’s Insight Into the COVID-19 Fraud Strike Force [Audio]

A journalist and a white-collar criminal defense attorney walk onto a podcast... Though it sounds like the start of a joke, this paired perspective shines new light on the federal government’s ongoing enforcement actions...more

IRS Renews Warning on Employee Retention Credit Fraud, DOJ Files First Criminal Charges

Employers should be careful before claiming the Employee Retention Credit (ERC). Over the past several months, the Internal Revenue Service (IRS) has warned taxpayers twice about third parties who advise employers to claim...more

The Presumption of Innocence Podcast: Episode 1 - The Anatomy of a PPP Fraud Investigation  [Audio]

The Presumption of Innocence Podcast series is hosted by Matthew S. Adams and Matthew D. Lee, Co-Chairs of Fox Rothschild's White-Collar Criminal Defense and Regulatory Compliance Practice. In the inaugural episode, Matt is...more

Paycheck Protection Program-Related Convictions Result In Harsh Federal Prison Sentences

The U.S. Department of Justice took several victory laps this month, touting long prison sentences it has secured for COVID-19 related fraud. These prison terms send a clear message to any individual or business that...more

DOJ Intensifies Criminal Prosecutions Of Health Care Fraud Related To COVID-19

The Department of Justice (DOJ) has intensified its already aggressive crackdown on fraud related to COVID-19, recently announcing criminal charges against a telemedicine company executive, a physician, marketers and medical...more

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