Pa. Law Firm Sues IRS, Seeking Nearly $800K in Pandemic-Era Tax Credits
Are personal injury firms, inherently reliant on a functioning court and jury trial system to bring in revenue, entitled to relief from the pandemic?
August 13, 2024 at 06:44 PM
4 minute read
What You Need to Know
- Ostroff Godshall is suing the IRS over the firm's claim to nearly $800,000 in employee retention credits dating back to the COVID-19 pandemic.
- The firm is seeking these credits on the grounds that its gross receipts dropped significantly during the pandemic, and that pandemic-related court closures forced it to suspend a portion of its operations.
Businesses damaged by the COVID-19 pandemic used government aid, in the form of the CARES Act and Paycheck Protection Program loan forgiveness, to help sustain themselves in light of their severely limited business operations and slashed revenue.
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