For U.S. taxpayers who are behind on their federal filing or payment obligations, engaging with the IRS proactively is generally the best approach. Typically, this involves making some sort of disclosure to the IRS. But, while IRS disclosures can be beneficial, they can also be very risky. As a result, if you are considering a disclosure, it is important that you consult with an experienced Boston tax attorney before moving forward.

The IRS’ Office of Promoter Investigations is focused on uncovering and prosecuting Employee Retention Credit (ERC) fraud in 2024. According to the IRS, its Office of Promoter Investigations “has received hundreds of referrals from internal and external sources,” and since the COVID-19 pandemic, the IRS has largely blamed promoters for the billions of dollars in fraudulent claims filed under the ERC program. Do you have concerns about facing an ERC-related investigation? If so, keep reading to learn more from Boston IRS attorney Kevin E. Thorn, Managing Partner of Thorn Law Group.

On August 15, 2024, the Internal Revenue Service (IRS) announced that it is reopening the Employee Retention Credit (ERC) Voluntary Disclosure Program for a limited time. The ERC Voluntary Disclosure Program previously closed in March 2024, with the IRS reportedly receiving more than 2,600 voluntary disclosures involving more than $1.09 billion in improper ERC credits and refunds. As Boston tax attorney Kevin E. Thorn, Managing Partner of Thorn Law Group, explains, for business owners who are thinking about submitting a voluntary disclosure this time around, there are some important changes to keep in mind.