News & Events

Federal law requires U.S. taxpayers to report qualifying offshore accounts on an annual basis. Taxpayers must report their foreign financial assets (which include offshore accounts) to the IRS using Form 8938, and they must separately report their offshore accounts to the Financial Crimes Enforcement Network (FinCEN) using the FBAR form. So, what if you missed the 2025 filing deadline? Find out from Washington D.C. offshore tax attorney Kevin E. Thorn, Managing Partner of Thorn Law Group.Read More

We have recently seen an uptick in Internal Revenue Service (IRS) criminal tax cases. This presents significant risks for noncompliant taxpayers, as federal criminal charges carry substantial penalties. Learn when the IRS can pursue criminal tax cases and what is at stake when the IRS decides to pursue criminal charges from Washington D.C. criminal tax attorney Kevin E. Thorn, Managing Partner of Thorn Law Group.Read More

The Internal Revenue Service (IRS) is continuing to aggressively target Paycheck Protection Program (PPP) and Employee Retention Credit (ERC) fraud. PPP fraud and ERC fraud investigations can expose businesses and their owners to substantial risks—including risks for fines and prison time. Learn more from Washington D.C. tax lawyer Kevin E. Thorn, Managing Partner of Thorn Law Group.Read More

In May 2024, the Internal Revenue Service (IRS) announced plans to aggressively ramp up tax audits targeting businesses and high-income individuals. So far, it appears to be following through. We have seen a large number of audits targeting large corporations and wealthy taxpayers this year—a shift that is consistent with the IRS’ updated Strategic Operating Plan published last year. Learn more from Washington D.C. tax audit lawyer Kevin E. Thorn, Managing Partner of Thorn Law Group.Read More