The Affordable Care Act (ACA) requires that many businesses provide health insurance coverage to their employees. While there are tax credits available to help offset the costs of providing this coverage (and while alternatives are available in some cases), covered businesses need to prioritize compliance—and they need to be prepared to demonstrate compliance when necessary. As Boston IRS attorney Kevin E. Thorn, Managing Partner of Thorn Law Group, explains, the Internal Revenue Service (IRS) is prioritizing ACA compliance, and businesses targeted in penalty audits can face steep consequences for non-compliance.Read More

The Internal Revenue Service (IRS) issued a News Release on June 20, 2024, in which it stated that the “vast majority” of Employee Retention Credit (ERC) claims show signs of fraud. The News Release quotes IRS Commissioner Danny Werfel as stating that a recent review of ERC filings “confirmed widespread concerns about a large number of improper claims” and that “[the IRS] will now use this information to deny billions of dollars in clearly improper claims.” As Boston IRS tax lawyer Kevin E. Thorn, Managing Partner of Thorn Law Group, explains, the IRS’ findings will likely lead to an increase in ERC-related audits and investigations as well.Read More

In response to a lawsuit challenging the legality of the IRS' moratorium on processing new Employee Retention Credit (ERC) claims, the agency has stated that it still has more than 1.4 million pre-moratorium claims to review. In light of widespread fraud under the ERC program, the agency has also stated that it is reviewing these claims “slowly and judiciously” so that it can avoid paying as many fraudulent claims as possible. If you have a pending ERC claim (or are waiting to file an ERC claim), what does this mean for you? Boston tax attorney Kevin E. Thorn, Managing Partner of Thorn Law Group, explains.Read More

Criminal tax audits present substantial risks for both individual and corporate taxpayers. While these audits can lead to several allegations, some of the most common allegations involve making false statements to the Internal Revenue Service (IRS). As Boston criminal tax attorney Kevin E. Thorn, Managing Partner of Thorn Law Group, explains, these allegations can arise in two different—and equally dangerous—ways.Read More