On March 5, 2020, the Internal Revenue Service (IRS) announced the creation of a new Fraud Enforcement Office. According to a statement from the IRS, “the new office will reside in the IRS Small Business/Self Employed Division and work on agency-wide compliance issues.” Here, Washington D.C. business tax attorney Kevin E. Thorn explains what this means for small businesses.

In 2018, the Internal Revenue Service (IRS) formed the Joint Chiefs of Global Tax Enforcement, known as the J5, with tax authorities from Australia, Canada, the Netherlands and the United Kingdom. On January 23, 2020, the IRS announced the J5’s first major law enforcement initiative – a series of coordinated investigations that resulted in the takedown of a Central American bank suspected of “facilitating money laundering and tax evasion for customers across the globe.” According to the IRS, indictments of the bank’s clients are expected to follow.

What You Need to Know If the IRS Conducts an Audit of Your Washington, DC Small Business!

Introduction: It is crucial to evaluate each prospective attorney you consider to assist with your sensitive tax situation using a number of important criteria. Before choosing a firm to process your sensitive tax information, be sure to think critically about your decision using the ten following principles. With any complicated tax issue, a lot is at stake, including massive penalties and possible incarceration. The Managing Partner of Thorn Law Group, Kevin E. Thorn, has helped hundreds of clients with complicated tax situations such as offshore voluntary disclosures, IRS audits, and criminal tax investigations. If you have any questions regarding how to choose representation, do not hesitate to call Mr. Thorn confidentially today at 202-349-4033. Thorn Law Group is a superior tax litigation firm that is suited to give advice on even the most complicated tax matters. You need an expert like Kevin E. Thorn fighting for you!