The Internal Revenue Service (IRS) recently published a Fact Sheet that addresses its ongoing efforts to target improper Employee Retention Credit (ERC) claims. The ERC was a pandemic-era program that provided significant tax benefits to eligible businesses. But, while eligible businesses were initially allowed to claim the credit retroactively into 2025, the One Big, Beautiful Bill (OBBB) retroactively revised the filing deadline to January 31, 2024. 

The Internal Revenue Service (IRS) has launched a two-year pilot program that is intended to make the Post Appeals Mediation (PAM) process “more attractive to taxpayers.” The PAM process is an option for taxpayers who need to challenge decisions issued by the IRS’ Independent Office of Appeals. Learn more from Boston tax lawyer Kevin E. Thorn, Managing Partner of Thorn Law Group:

As 2025 draws to a close, it’s time for U.S. taxpayers to start thinking about their annual returns. While Tax Day may not be until April 15, taxpayers need to prepare in advance to ensure that they will be able to file their returns accurately and on time. This is especially important for taxpayers who have offshore accounts. Learn more from Boston offshore tax lawyer Kevin E. Thorn, Managing Partner of Thorn Law Group.