While it has been four years since Congress established the paycheck protection program (PPP) and employee retention credit (ERC) under the CARES Act, pandemic-related fraud remains a prime target for both the Internal Revenue Service (IRS) and the U.S. Department of Justice (DOJ). The IRS’ Criminal Investigation Division (IRS CI) and the DOJ are actively pursuing criminal investigations in 2024, leaving many business owners in need of a highly experienced Washington D.C. tax lawyer.

If your business is facing an IRS tax audit in 2024, it will be important for you to know what you can expect during the process. This includes knowing what issues are likely to come up—and knowing what risks these issues present not only for your business, but also potentially for you as a business owner. Here, Washington D.C. business tax attorney Kevin E. Thorn, Managing Partner of Thorn Law Group, provides an overview of common income and employment tax issues that tend to come up during business tax audits.

The Internal Revenue Service (IRS) is continuing to aggressively target Employee Retention Credit (ERC) fraud in 2024. With numerous audits and investigations pending, the IRS is continuing to launch new inquiries at record pace. These inquiries present substantial risks, and for targeted businesses and their owners, engaging an experienced Washington D.C. IRS tax lawyer is a key first step toward avoiding unnecessary consequences.

The Internal Revenue Service (IRS) is ramping up its efforts to target businesses and their owners in 2024. IRS business tax audits can be invasive and present substantial risks; and, as a result, business owners need to ensure that they are making informed and strategic decisions. With this in mind, engaging an experienced Washington D.C. business tax lawyer is a key first step toward avoiding unnecessary consequences.