Burr & Forman

PPP and CARES Act Audit, Investigations and Defense

The Coronavirus Aid, Relief and Economic Security Act (CARES Act) and Paycheck Protection Program (PPP) have provided support to individuals and businesses to help them through the pandemic. Congress recently passed the Economic Aid Act authorizing funding for new and additional PPP loans, as well as other support for individuals and businesses during this uncertain time. Burr & Forman has a dedicated team to counsel individuals, businesses, and financial institutions in government audits, investigations and defense-related to the PPP, CARES Act, Economic Aid Act, and other government support. The Burr & Forman PPP and CARES Act Audit, Investigations, and Defense Team represents and advises clients in audits and investigations involving PPP loans and tax benefits that may have been claimed under the CARES Act and Economic Aid Act. This multidisciplinary team combines more than 230 years of legal experience and attorneys with previous government positions, including attorneys with IRS Chief Counsel, the United States Department of Justice, and United States Attorneys’ offices.

The CARES Act and Economic Aid Act also provide significant tax benefits to individuals and businesses, including the Employee Retention Tax Credit and Federal Payroll Tax Deferral. The Burr & formal PPP and CARES Act Audit, Investigations and Defense Team Counsels clients on the requirements and compliance for these benefits and represents individuals and businesses in civil tax audits and criminal investigations when the IRS begins asking questions.

Frequently Asked Questions

PPP and CARES Act Audit, Investigations and Defense Response Kit

Paycheck Protection Program Important Documents List

Additional Resources:

PPP Loan Application Date Extended by Congress

American Rescue Plan Extends Employee Retention Credit

Time is Running Out to Apply For a PPP Loan

Retroactive 2020 Employee Retention Credit Changes and 2021 Enhancements

PPP Borrower Pays Damages and Penalties to Government in First False Claims Act Settlement

New “Second Draw” PPP Loans Under the Economic Aid Act for the Self-Employed/Sole Proprietors

New PPP Loans Under Economic Aid Act

Key Tax Provisions of COVID Relief Bill

SBA Releases Broader Information on PPP Borrowers

SBA Gets More Time to Release PPP Borrower Information

SBA Ordered to Release Information on All PPP Borrowers

SBA Requires Borrowers Who Received PPP Loans of $2 Million or More to Submit “Pre-Audit Review” Information

DOJ Announces Trio of PPP Fraud Protections

United States Department of Justice Opens Investigation Into PPP Loans and Borrowers

US DOJ Files First Criminal Action for PPP Loan Fraud

ACLU and Others File Lawsuit Against SBA 

Paycheck Protection Programs Ends – What Next?

SBA Releases List of PPP Borrowers – Which Businesses Are Now Audit Targets?

SBA Issues New Rules For Appeals of Disputed PPP Audits

US DOJ Criminal Chief Announces 57 “Main Justice” PPP Cases

Structuring and Closing M&A Deals with PPP Loans: Some Good News

If you would like to speak to an attorney about a legal issue you are facing, please contact a member of our PPP and CARES Act Audit, Investigations and Defense Team, the COVID-19 Response Team , or your Burr attorney.

Looking to discuss your PPP and CARES Act Audit, Investigations and Defense issues?

contact