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Sports5 Common Allegations in COVID-19 Pandemic Fraud (PPP and ERC Fraud) Investigations
Offshore Account UpdatePosted on September 29, 2023
News
Category: Offshore Account Update
The Internal Revenue Service (IRS) and other federal agencies are continuing to target COVID-19 pandemic fraud in 2023. This includes primarily (though not exclusively) fraud under the Paycheck Protection Program (PPP) and Employee Retention Credit (ERC) program. As Boston tax lawyer Kevin E. Thorn, Managing Partner of Thorn Law Group, explains, allegations in these cases can take a variety of forms—and they can expose targets to civil or criminal prosecution depending on the circumstances involved.Read More
IRS Targets Puerto Rico Act 60 with Criminal Tax Audits
Offshore Account UpdatePosted on September 15, 2023
What Do Business Owners Need to Know About ERC Fraud in 2023?
Articles/News, Offshore Account UpdatePosted on August 31, 2023
IRS Launches Criminal Tax Audits into Malta Pension Scams
Hot Topics, Offshore Account UpdatePosted on August 11, 2023
Can You Be Prosecuted for PPP Fraud if You Didn’t Obtain a Loan?
Offshore Account UpdatePosted on July 31, 2023
With “at least” 70,000 Paycheck Protection Program (PPP) loans showing signs of fraud and the total cost of fraud under the program exceeding $80 billion, federal authorities are carefully scrutinizing loan recipients’ applications and forgiveness certifications. But loan recipients aren’t the only ones under the microscope. Federal authorities are scrutinizing unsuccessful applications as well, and the U.S. Department of Justice (DOJ) has filed charges against several individuals that failed to obtain PPP loans through fraud.
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