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.
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.