Businesses with denied Employee Retention Credit (ERC) claims now have a new “streamlined” option to preserve their rights with the Internal Revenue Service (IRS). Late last month, the IRS announced the new option and encouraged business owners and executives to take action if warranted. Learn what you need to know if the IRS has denied your business’ ERC claim from Boston tax attorney Kevin E. Thorn, Managing Partner of Thorn Law Group:

The Internal Revenue Service (IRS) and U.S. Department of Justice (DOJ) are continuing to target pandemic-era fraud in 2026. This includes fraud under the Paycheck Protection Program (PPP) and Employee Retention Credit (ERC) program. Learn what business owners in Massachusetts need to know from experienced Boston tax lawyer Kevin E. Thorn, Managing Partner of Thorn Law Group:

For U.S. taxpayers who are behind on their federal filings, proactively coming into compliance is generally the best approach. Taking a wait-and-see approach can be risky, as it can lead not only to a high-stakes audit but also to criminal implications if past filing errors are knowingly ignored. Coming into compliance generally involves utilizing one of the IRS’ streamlined voluntary disclosure programs. Learn more from Boston international tax attorney Kevin E. Thorn, Managing Partner of Thorn Law Group.