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Archive by Year:2019 - Page 3

Avoiding IRS Collections With Installment Agreements

News

Posted in on February 28, 2019

It has happened to the best of people. You simply are not able to come up with the cash to meet your IRS tax liability. You are worried about the repercussions of not paying your taxes. Can the government come after your assets? Is the IRS going to garnish your wages or put you out of business with liens on your assets?Read More

Managing Partner, Kevin E. Thorn, was quoted by Bloomberg News about the Tax Implications of Government Shutdown.

News

Posted in on February 1, 2019

Thorn Law Group’s Managing Partner, Kevin E. Thorn, was asked his perspective on what effect the government shutdown will have on international taxpayers by Bloomberg News. See what he had to say about the situation with the link below!Read More

The Pros and Cons of Moving Money Offshore

Offshore Account Update

Posted in on January 31, 2019

Offshore banking – setting up a bank account in a foreign country – can often be a good idea, especially in countries that have favorable banking regulations. Offshore banking can also present risks. In addition, there are IRS reporting requirements that, if not attended to, can cause a taxpayer civil and even criminal liability.

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