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202-349-4033


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News & Events

Category: News

What You Need to Know if the IRS Scrutinizes Your Cryptocurrency History

News, Offshore Account Update

Posted in on March 31, 2021

If you invest in cryptocurrency, you could face scrutiny from the IRS in 2021. The IRS has made clear that it is paying attention to cryptocurrency investors, and that it will be vigorously enforcing investors’ reporting and payment obligations in the year to come. Read More

What to Do (and Not Do) in 2021 if You Made Mistakes on a Prior Year’s Tax Return

News, Offshore Account Update

Posted in on March 19, 2021

It’s tax season. You’re working on your 2021 tax returns, and you just realized that you made a mistake in a prior year. What should you do? As Washington D.C. tax lawyer Kevin E. Thorn, Managing Partner of Thorn Law Group explains, your options will depend on the specific mistake you made, how much you might owe and a variety of other factors.Read More

Don’t Make These 5 Costly Mistakes When Preparing Your Income Tax Returns in 2021

News, Offshore Account Update

Posted in on February 26, 2021

When it comes to preparing your annual income tax returns, mistakes can be costly. The IRS scrutinizes individual and corporate filers’ returns, and it audits and investigates taxpayers suspected of underreporting their federal income tax obligations. With this in mind, you need to be careful when preparing your (or your business’s) returns for the 2020 tax year—and you should consult with a Washington D.C. tax attorney if you have questions or concerns about potential filing issues or liability.Read More

IRS: Bitcoin and Cryptocurrency Investors Will Be Facing Scrutiny in 2021

Hot Topics, News, Offshore Account Update

Posted in on February 12, 2021

The IRS began a heavy push to target Bitcoin and other cryptocurrency investors in 2019, and it has recently made clear that it will be continuing this push in 2021. After sending several rounds of “warning letters” to cryptocurrency investors over the past two years, the IRS will be shifting its focus to enforcement going forward.Read More

2020 Year in Review: Important News and Developments in the Area of Federal Tax Compliance

News, Offshore Account Update

Posted in on December 31, 2020

As we look forward to 2021, it is worth taking a look back at some of the lessons we learned in 2020. While major media headlines were dominated by the COVID-19 pandemic, issues of social injustice and the Presidential election – and rightfully so – we focused our attention on helping taxpayers stay up-to-date on their reporting and filing requirements. Here is a look back at some of the top articles published by Washington D.C. tax attorney Kevin E. Thorn, Managing Partner of Thorn Law Group:Read More

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