The IRS has announced a new Voluntary Disclosure Program (VDP) offering businesses a limited-time opportunity to repay improperly claimed Employee Retention Credits at a discount while avoiding penalties and interest. The VDP requires businesses to repay only 80% of the improper credits they received and has an application deadline of March 22, 2024.
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White collar crime
IRS Rejects 20,000 Employee Retention Tax Credit Claims, Plans to Offer New Voluntary Disclosure Program
By Brian Bernhardt on
In its most recent effort to fight fraudulent and improper Employee Retention Tax Credit (ERC) claims, on December 6, 2023, the IRS announced it will be notifying an initial group…
Continue Reading IRS Rejects 20,000 Employee Retention Tax Credit Claims, Plans to Offer New Voluntary Disclosure ProgramAmid Fraud Investigations, IRS Offers Employers an Opportunity to Withdraw Inaccurate Employee Retention Credit Claims
By Brian Bernhardt on
The IRS recently announced that it will offer certain employers an opportunity to withdraw Employee Retention Credit (ERC) claims if they are concerned about their accuracy. Qualifying employers may be…
Continue Reading Amid Fraud Investigations, IRS Offers Employers an Opportunity to Withdraw Inaccurate Employee Retention Credit ClaimsSave the Date for Fox Rothschild’s 2023 White Collar Symposium
By Matthew D. Lee on
Wednesday, September 27, 2023 | Philadelphia
Join leading practitioners from throughout the U.S. for an afternoon of lively discussion covering the latest developments in the field, presented by Fox Rothschild’s…
Continue Reading Save the Date for Fox Rothschild’s 2023 White Collar SymposiumFox Rothschild Attorneys to Present at PACDL’s Annual White Collar Conference
By Matthew D. Lee on
Fox Rothschild attorneys Ryan T. Becker and Matthew D. Lee will be speaking next week at the annual White Collar Practice conference sponsored by the Pennsylvania Association of Criminal Defense…
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FinCEN Unveils New Efforts to Combat Widespread Business Email Compromise Fraud Scams As Losses Reach $300 Million Per Month
By Matthew D. Lee on
The Treasury Department’s Financial Crimes Enforcement Network (FinCEN) has announced new efforts to crack down on Business Email Compromise (BEC) schemes and those who profit from such scams. BEC fraud…
Continue Reading FinCEN Unveils New Efforts to Combat Widespread Business Email Compromise Fraud Scams As Losses Reach $300 Million Per Month
DOJ Brings First-Ever Criminal Prosecution of Executives for Failing to Report Dangerous Product Defects
By Matthew D. Lee on
By Kristina Burland and Matthew D. Lee
A precedent-setting criminal prosecution of two California executives under the Consumer Product Safety Act is sending a strong warning to corporate boardrooms that…
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Hot Topics in Tax and Money Laundering Viewed Through the Lens of United States v. Paul Manafort
By Matthew D. Lee on
On November 16, 2018, Matthew D. Lee will moderate a panel at the annual White Collar Practice seminar sponsored by the Pennsylvania Association of Criminal Defense Lawyers. With the Special…
IRS in the Offing? Marinello Limits Tax Obstruction Prosecutions
By Matthew D. Lee on
Ian M. Comisky and Matthew D. Lee have authored a Journal of Taxation article entitled “IRS in the Offing? Marinello Limits Tax Obstruction Prosecutions.” In their article, Ian and Matt…
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Federal Agents at the Door: Legal Representation
By Matthew D. Lee on
Your company is under investigation. You hire outside counsel to debrief your employees about the allegations. But are the interviews privileged? Do you have to provide each employee with his…
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