IRS Increases Audits of Businesses, Partnerships and Individuals
Offshore Account UpdatePosted in on December 31, 2025
Posted in on December 31, 2025
Posted in on December 17, 2025
The One Big, Beautiful Bill (OBBB) enacted on July 4, 2025 changed the rules for Employee Retention Credit (ERC) claims filed after January 1, 2024. Recently, the Internal Revenue Service (IRS) issued a Fact Sheet with answers to frequently asked questions (FAQs) about the revised rules.
Read MorePosted in on November 28, 2025
The Internal Revenue Service (IRS) recently announced that it is launching a two-year pilot program under its existing Post Appeals Mediation (PAM) procedure. According to the IRS, this pilot program should make PAM “more attractive to taxpayers,” and the Director of the IRS’ ADR Program Management Office has stated that he anticipates the pilot program will lead to more negotiated resolutions following unsuccessful appeals. Here are some insights for taxpayers who may be considering PAM from Washington D.C. tax attorney Kevin E. Thorn, Managing Partner of Thorn Law Group:
Read MorePosted in on November 14, 2025
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 MorePosted in on October 31, 2025
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.
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