Glen E. Frost

Frost Law attorney Eric Lanning J.D., LL.M. was recently quoted in a Tax Notes article discussing the complex tax implications of "pig butchering" scams.

Eric highlighted how victims of these scams might still be able to claim theft loss deductions despite recent tax law changes. He emphasized the importance of proving a profit motive in these cases, which can often be established through careful documentation and communication records.

Read Eric's insights here: https://bit.ly/3SWszj1

Frost Law Files ERC Refund Lawsuit on Behalf of Client

I was recently quoted by Law360 regarding a recent lawsuit filed by our office related to the Employee Retention Credit. Clients who have pending Employee Retention Credit claims that remain unprocessed after six months, have the ability to file a lawsuit in federal court to compel payment from the government. Congress intended that these credits be paid to eligible employers who were impacted by the pandemic and continued to keep employees on payroll.

The IRS has extended the ERC moratorium, which may bring questions for business owners still waiting for their claim.

Our latest video, featuring Partners Rebecca Sheppard, Esq. and Peter Haukebo, Esq., breaks down the details of the new updates for the Employee Retention Credit. Watch here: https://bit.ly/3AvtfFY

Learn how the IRS plans to handle claims based on different risk levels and what options you have to get the funds you deserve.

Did you receive an IRS disallowance letter for the Employee Retention Credit (ERC)? You can still take action!

Over 28,000 businesses have gotten these letters, but many of them have incorrectly denied claims.

In our recent video, we’re breaking down how you can file for an appeal and what timelines and factors you should consider. Watch it here: https://bit.ly/4dNshDo

Frost Law is proud to share that 13 attorneys have been recognized by Best Lawyers as a “Best Lawyer” or “One to Watch” for 2025! Thank you to all of our peers and colleagues who have helped to recognize their hard work!

- Glen Frost, Esq. CPA - Best Lawyers: Tax Law
- Eli Noff, Esq. CPA - Best Lawyers: Tax Law
- Richard Berwanger, Jr., Esq. - Best Lawyers: Ethics and Professional Responsibility Law, Legal Malpractice Law - Defendants
- Kaitlyn Loughner, Esq. CPA - Ones to Watch: Business Organizations (including LLCs and Partnerships), Litigation and Controversy - Tax, Tax Law
- Peter Haukebo, Esq. - Ones to Watch: Litigation and Controversy - Tax
- Rebecca Sheppard, Esq. - Ones to Watch: Litigation and Controversy - Tax, Tax Law
- Nicholas Berger, Esq. - Ones to Watch: Litigation and Controversy - Tax, Tax Law
- Leanne Broyles, Esq. - Ones to Watch: Litigation and Controversy - Tax, Tax Law, Trusts and Estates
- Michael March, Esq. - Ones to Watch: Litigation and Controversy - Tax, Tax Law
- Lauren Mata, Esq. - Ones to Watch: Litigation and Controversy - Tax, Tax Law
- Amber Lyles, Esq. - Ones to Watch: Commercial Litigation, Litigation - Trusts and Estates
- Zoha Sohail, Esq. - Ones to Watch: Litigation and Controversy - Tax
- Robert Braland, Esq. - Ones to Watch: Tax Law

Moments after reopening the ERC Voluntary Disclosure Program, the IRS announced it was clawing back a billion dollars in errant ERC claims. The second round of the Voluntary Disclosure program is open until November 22, 2024, with a 15% discount on repayment amounts.

If you receive a notice clawing back a refund you have already received or you believe you may have claimed the ERC in error, contact a qualified tax professional to review your claims and determine the best next steps.

Read more here: https://bit.ly/3YPwIcq

IRS Sending Up To 30,000 Letters To Address More Than $1 Billion Dollars In Errant ERC Claims & Opens A New Voluntary Disclosure Program The IRS has reopened its ERC Voluntary Disclosure Program! Correct past ERC claims, avoid penalties, and potentially keep 15% of the credit. Deadline: November 22, 2024.

Did you know the impact of inaccurate tax returns on divorce proceedings?

Michael March, attorney and director at Frost Law, shared his perspective on this topic at the recent Maryland State Bar Association - MSBA Legal Summit. He discussed strategies for uncovering financial discrepancies and protecting clients' interests in a divorce proceeding.

Read the full article in The Daily Record for legal insights with divorce and taxes:
https://bit.ly/3zPslnm

When a divorce collides with a faulty tax return – Maryland Family Law When a divorce collides with a faulty tax return By: Daily Record Staff Rachel Konieczny July 18, 2024 Michael March, attorney and director at Frost Law, presents an overview of divorces, alimony and marital separation agreements as they relate to tax law during a discussion earlier this month at th...

The IRS has extended the ERC moratorium, which may bring questions for business owners still waiting for their claim.

Our latest video, featuring Partners Rebecca Sheppard, Esq. and Peter Haukebo, Esq., breaks down the details of the new updates for the Employee Retention Credit. Watch here: https://bit.ly/3zr2odL

Learn how the IRS plans to handle claims based on different risk levels and what options you have to get the funds you deserve.

Bloomberg reports that the IRS is stepping up efforts to collect unpaid taxes, especially from high-income earners. Frost Law Partner Rebecca Sheppard, Esq., points out a trend where nonfilers who aren’t wealthy are also becoming compliant as the IRS strengthens its enforcement. Read the full article here: https://bit.ly/4bjgnPG

Still waiting on a stalled ERC claim?

Our new video explores a potential solution for business owners facing financial strain due to the ongoing moratorium for the Employee Retention Credit. Watch our latest video to see if ERC refund claim litigation could be an option for you: https://bit.ly/3VG6yWC

Are you an accounting or tax professional seeking to enhance client services?

Join Frost Law Director, Nick Berger, Esq., and Associate, Josh Matthews, Esq., for two immersive presentations at the Business Builders Connections Conference on Friday, June 14th. Sign up here: https://bit.ly/3VBr1N8

Kicking off the day, from 8 AM to 8:50 AM, delve into the complexities of Navigating the Corporate Transparency Act. Gain invaluable insights into beneficial ownership reporting and discover strategies to ensure your clients remain compliant in an evolving regulatory landscape.

Then, from 10 AM to 10:50 AM, immerse yourself in the second session, From IRS Debt to Peace of Mind. Explore innovative strategies crafted to empower your clients in resolving tax troubles and embarking on a journey toward financial freedom.

Don't miss this exclusive opportunity to hear from industry-leading speakers, network with fellow professionals, and equip yourself with the knowledge and tools necessary to take your firm to new heights. Secure your spot now: https://bit.ly/3VBr1N8

The IRS released a Generic Legal Advice Memorandum concerning third-party payers that assisted their customers with filing ERC refund claims. In short, professional employer organizations can be held liable for the improperly claimed ERC. In some cases, the PEOs and CPEOs may be found solely liable instead of sharing liability with the client.

Learn more details about the IRS’s notice in our article: https://bit.ly/4b6FmpO

Need help navigating Puerto Rico's complex tax laws?

Hear from International Tax Professional, Peter Palsen as he simplifies the process, helping you determine if self-filing your Puerto Rico tax returns is right for you. He'll cover income sources, double taxation, and how Act 60 incentives might affect your filing.

Watch now: https://bit.ly/3VYJUug

Navigating the Corporate Transparency Act can be complex. Our latest video offers a clear breakdown of CTA requirements, deadlines, and exemptions. Get informed and avoid compliance issues.

Learn more before the upcoming deadline for some businesses: https://bit.ly/4cWl3gM

We are grateful to the Anne Arundel Bar Association (AABA) for the opportunity to have Frost Law Partners, Richard J. Berwanger, Jr., Esq. and Peter Haukebo, Esq., and Associate, Robert Braland, Esq., present at Bar Weekend 2024.

Director, Dan Staeven, Esq., and Associate, Josh Matthews, Esq., also joined for an enriching weekend of legal education and networking.

Watch our latest video outlining strategies like initiating refund claim litigation, utilizing the Taxpayer Advocate Service, and more. Learn how you might be able to speed up your claim process. https://bit.ly/3xfvGL1

Thank you to everyone who was able to attend our Corporate Transparency Act webinar with the Maryland State Bar Association (MSBA) last Tuesday!

Rebecca Sheppard and Peter Haukebo had a great time discussing the various reporting requirements with local professionals. If you’re interested in learning more about the CTA and reporting you can check out our website here: https://bit.ly/3T9IR7y

Organizing an S Corp LLC? Your operating agreement matters! Streamline it for S Corp benefits while avoiding tax traps. Check the agreement to ensure that member rules, transfer restrictions, and profit/loss language align with S Corp regulations. Secure S Corp status and member compliance with clear, comprehensive agreements. Read more here: https://bit.ly/42CfzTp

Good news for taxpayers! The IRS is waiving failure-to-pay penalties for certain individuals and businesses who filed 2020 or 2021 tax returns with assessed tax amounts for either year is less than $100,000, and they received a balance due notice between February 5, 2022, and March 31, 2024. https://bit.ly/42Bq4GM

Good news for taxpayers! The IRS is waiving failure-to-pay penalties for certain individuals and businesses who filed 2020 or 2021 tax returns with assessed tax amounts for either year is less than $100,000, and they received a balance due notice between February 5, 2022, and March 31, 2024. https://bit.ly/49kxqAz

IRS may have overstepped its authority with ERC rules and guidance. Taxpayers may be able to challenge them in court. The IRS issued guidance and regulations on how to claim the Employee Retention Credit (ERC), but some experts say the IRS may have violated the law in doing so. This could be good news for taxpayers who were wrongly denied the credit or who received the credit and are now worried about having to pay it back. https://bit.ly/3UpUbin

Have you considered filing a protective claim for the Employee Retention Credit (ERC)?

The deadline for claiming ERC for 2020 is approaching, and there are rumors of an early end in Congress as well as a continued lack of clarity about eligibility requirements. This uncertainty is causing concerns for many businesses.

However, you can consider making a protective claim. This will support your right to the credit even if the rules change, providing you some peace of mind in the process.

If you are unsure about your eligibility or worried about a potential credit reversal, please reach out to our team to discuss how to navigate the process.

https://bit.ly/481F1CN

The IRS has been increasing ERC audits to combat fraudulent and inaccurate refund claims. Frost Law Partners Sheppard, Esq., and Haukebo, Esq., discuss how you can organize your documentation in advance so you can be prepared for the IRS examination on your Employee Retention Credit claim. Watch our video here: https://bit.ly/3GMh7QR

The Corporate Transparency Act goes into effect on January 1, 2024—are you ready?

The legal landscape for businesses operating in the US is bracing for a historic shift towards transparency. Join Director Mary Lundstedt, Esq., and Associates Alexander Robinson, Esq., and Robert Braland, Esq., on December 19 at 12:15 CST (1:15 EST) to learn more about the Corporate Transparency Act and prepare for the new beneficial ownership information reporting obligations.
Sign up today to be prepared: https://bit.ly/4831fW6

Lawmakers are still waiting for a response to their October letter to the IRS in which they criticized the Employee Retention Credit (ERC) processing moratorium and requested answers as to how the IRS plans to clear the backlog of unprocessed ERC claims and prevent fraud. Read more about the lawmakers' concerns and questions here: https://bit.ly/3uXWyy0