Offshore Account UpdatePosted in on July 31, 2025
If you are a U.S. taxpayer and you own (or control) offshore accounts, you may have an obligation to disclose your offshore accounts to the federal government. This obligation does not go away—and the longer you wait to disclose your offshore accounts, the more risks you can face. Learn more from Washington D.C. international tax attorney Kevin E. Thorn, Managing Partner of Thorn Law Group.
Read MoreOffshore Account UpdatePosted in on July 17, 2025
President Trump signed the One Big Beautiful Bill (OBBB) into law on July 4, 2025. The OBBB has several potential implications for U.S. taxpayers—including potential implications for the 2025 tax year. In this article, Washington D.C. tax lawyer Kevin E. Thorn, Managing Partner of Thorn Law Group, provides an introduction to what both individual and corporate taxpayers need to know.
Read MoreOffshore Account UpdatePosted in on June 30, 2025
If you are a U.S. taxpayer living abroad, June 16, 2025, was the deadline to file your annual tax return for the 2024 tax year. So, what if you missed it? Should you simply file a late tax return, or are there other (and better) options available? Washington D.C. tax attorney Kevin E. Thorn, Managing Partner of Thorn Law Group, explains.
Read MoreOffshore Account UpdatePosted in on June 16, 2025
The Internal Revenue Service (IRS) recently released its annual Data Book for the 2024 fiscal year. It contains several notable insights for taxpayers—in particular those who may be at risk of facing audits or investigations for alleged tax law violations. Here, Washington D.C. IRS tax lawyer Kevin E. Thorn, Managing Partner of Thorn Law Group, shares his key takeaways for taxpayers.
Read MoreOffshore Account UpdatePosted in on May 30, 2025
If you’re facing an Internal Revenue Service (IRS) audit, you need to be very careful. If you’re behind on your federal taxes, you could be facing substantial liability. At the same time, if you’re not behind on your federal taxes, you will still need to defend against the audit successfully to avoid the imposition of unwarranted liability for back taxes, interest and penalties. Learn more from the Washington D.C. tax lawyers at Thorn Law Group.
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