In a twist that emphasizes the legal complexities surrounding pandemic-era tax credits, Fox Rothschild LLP has established a dedicated task force. This new group’s primary mission is to provide defense for corporations amidst growing federal scrutiny into how companies have utilized these tax credits. The formation of the task force was publicly disclosed by the firm earlier this week.
Over the past year+, there has been a noted increase in federal investigations into corporate use of a tax credit enacted during the initial stages of the pandemic. This uptick in probative interest has led to firms such as Fox Rothschild LLP creating specialized units to help corporations navigate these investigations.
As these investigations become more intense and widespread, the legal community will undoubtedly be watching closely to see how these cases unfold and the precedents that they set. For those organizations facing such scrutiny, the development of task forces within law firms like Fox Rothschild LLP underscores the demand for specialized legal expertise in this niche area.