News & Events

On October 26, 2020, the Internal Revenue Service (IRS) announced the annual inflation adjustments for the 2021 tax year. The full list of adjustments is contained in Revenue Procedure 2020-45; however, the IRS has highlighted the adjustments, “of greatest interest to most taxpayers,” in a News Release published on its website. Here, Washington D.C. tax attorney Kevin E. Thorn, Managing Partner of Thorn Law Group, discusses some of the most-notable changes for the upcoming year.

Small Business Week was September 22 through 24. In recognition of the event, the Internal Revenue Service (IRS) took the opportunity to remind small business owners of the pitfalls of abusing the home office deduction. Here, Washington D.C. tax lawyer Kevin E. Thorn, Managing Partner of Thorn Law Group, provides an overview of what business owners who work from home need to know:

Earlier this year, we discussed the Internal Revenue Service’s (IRS) plans to create a new Fraud Enforcement Office. The IRS announced the initiative on March 5, just as the effects of the COVID-19 pandemic were beginning to be felt across much of the United States.