Among the Internal Revenue Service’s (IRS) many priorities is enforcing partnerships’ federal income tax obligations. In recent years, the IRS has implemented two major programs focused specifically on partnership tax enforcement, and we expect to see increased activity under both of these programs in 2022 and beyond. In this article, Washington D.C. federal tax attorney Kevin E. Thorn, Managing Partner of Thorn Law Group, discusses some of the implications of these recent developments for business partners:Read More

You filed your tax return, paid your taxes and now the Internal Revenue Service (IRS) is saying you did it wrong. Not only are you facing substantial additional tax liability, but you are facing liability for interest and penalties as well. What are your options if you disagree? Washington D.C. tax lawyer Kevin E. Thorn, Managing Partner of Thorn Law Group, explains:Read More

The Work Opportunity Tax Credit (WOTC) is available to qualifying businesses that employ individuals who are members of certain groups facing barriers to employment. While the WOTC is a long-standing federal tax program, it has recently gained renewed attention with the ongoing worker shortage in the United States. If you are interested in claiming the WOTC for your business in 2022, what do you need to know? Washington D.C. tax attorney Kevin E. Thorn, Managing Partner of Thorn Law Group, explains:Read More

U.S. taxpayers who own foreign financial accounts worth $10,000 or more are required to file a Report of Foreign Bank and Financial Accounts (FBAR) on Tax Day each year. Those whose foreign assets exceed $50,000 in aggregate value may also have to file Internal Revenue Service (IRS) Form 8938. So, what are the consequences if you didn’t file an FBAR or IRS Form 8938 on April 18, 2022? Washington D.C. international tax attorney Kevin E. Thorn, Managing Partner of Thorn Law Group, explains:Read More

With some cities reinstating mask requirements and the federal government extending the mask mandate for public transportation, the COVID-pandemic has gained renewed attention in recent weeks. But, the Internal Revenue Service’s Criminal Investigation Division (IRS CI) has maintained its focus on the pandemic all along. IRS CI is continuing to target individuals and businesses suspected of pandemic-related fraud, and it has announced several charges and guilty pleas over the past few months. Here, Washington D.C. tax lawyer Kevin E. Thorn, Managing Partner of Thorn Law Group, discusses some of the most recent examples:Read More