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Category: News - Page 4

Avoiding Taxes Versus Evading Taxes: What You Need to Know


Posted in on December 31, 2018

The U.S. income tax system is based on the idea of voluntary compliance, a sort of honor system that relies on individual taxpayers to report their income freely and voluntarily, calculate their tax liability honestly and correctly, and file a tax return on time.Read More

Trouble Paying Your Taxes? Consider Making an IRS Offer In Compromise


Posted in on December 21, 2018

Sometimes business owners find themselves unable to meet their business tax obligations to the Internal Revenue Service. If your business meets certain criteria, you may be able to extinguish your tax liability by paying only a portion of your actual tax bill. While a Washington DC business tax attorney can help you decide if your particular circumstances are ripe for an IRS Offer in Compromise, the following provides an overview of the IRS OIC program.Read More

Anti-Money Laundering Protocols Every Small Business Owner Needs to Implement


Posted in on November 16, 2018

Money laundering is a federal crime that can land a business owner in prison for years and cost him or her potentially tens or even hundreds of thousands of dollars in penalties. Read More

Are you in the United States with a G-4 Visa and Work at the World Bank?


Posted in on October 29, 2018

Congratulations, you may not be subject to U.S. Federal Income taxes! Full time employees of the World Bank are considered by the IRS to be Foreign Government-Related Individuals. A foreign government related individual is anyone that (1) works full time at an international organization, (2) has diplomatic immunity, or (3) has consulate status.Read More

Managing Partner Kevin E. Thorn - 5 Things You Should Know From the Paul Manafort Trial

News, Offshore Account Update

Posted in on August 2, 2018

Managing Partner Kevin E. Thorn was recently asked by a DC news source to comment on former Trump campaign chairman Paul Manafort’s trial taking place in a federal court in Alexandria, Virginia. 

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