Offshore Account UpdatePosted in on August 31, 2026
The IRS recently transitioned to a new penalty relief system for U.S. taxpayers. As of Summer 2026, taxpayers who have timely met their obligations for the past three years are eligible for the IRS’s Automatic Exemption from Penalty (AEP) for delinquent filings and payments. However, other enforcement risks remain, and delinquent taxpayers must make informed decisions about how best to deal with the IRS.
Read MoreOffshore Account UpdatePosted in on July 31, 2026
IRS Criminal Investigation (IRS CI) targets individual and corporate taxpayers suspected of a wide range of federal offenses—both tax-related and non-tax-related. When IRS CI investigations lead to federal indictments, targeted individuals and entities can face substantial penalties. The Washington, D.C. criminal tax lawyers at Thorn Law Group rely on extensive experience to provide strategic defense representation in these cases.
Read MoreOffshore Account UpdatePosted in on July 17, 2026
In July 2026, the Internal Revenue Service (IRS) published new regulations that identify Charitable Remainder Annuity Trusts (CRATs) as “listed transactions.” For U.S. taxpayers who use CRATs for tax mitigation purposes, managing compliance with the IRS’s listed transaction rules will be critical moving forward.
Read MoreOffshore Account UpdatePosted in on June 30, 2026
The Internal Revenue Service (IRS) announced on May 13, 2026 that it has begun sending settlement letters to eligible taxpayers with pending conservation easement disputes. Taxpayers who receive these letters must quickly decide whether to accept the IRS’ terms, and they will want to consult with an experienced Washington D.C. tax lawyer to ensure that they are making an informed decision.
Read MoreOffshore Account UpdatePosted in on June 12, 2026
The Internal Revenue Service (IRS) has recently ramped up pressure on partnerships and other taxpayers suspected of claiming fraudulent conservation easement deductions. This includes both conducting intensive investigations and offering a “time-limited” settlement opportunity to those that may have violated the law. Taxpayers that are facing potential liability related to their conservation easement deductions should consult with an experienced Washington D.C. tax attorney promptly.
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