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Category: Offshore Account Update

IRS Launches Two-Year Post Appeals Mediation (PAM) Pilot Program

Offshore Account Update

Posted 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 More

Offshore Account Disclosures: What if You Missed the Deadline to File in 2025?

Offshore Account Update

Posted 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 More

Recent Rise in IRS Criminal Tax Cases Presents Risks for Noncompliant Taxpayers

Offshore Account Update

Posted 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.Read More

2026 IRS Compliance Assurance Process (CAP) Application Window Closes October 31

Offshore Account Update

Posted in on October 17, 2025

The application window for the Internal Revenue Service’s (IRS) 2026 Compliance Assurance Process (CAP) program closes on October 31, 2025. Should your business apply before the deadline? Here are some key considerations from Washington D.C. tax lawyer Kevin E. Thorn, Managing Partner of Thorn Law Group:

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IRS Continues to Aggressively Target PPP Fraud and ERC Fraud

Offshore Account Update

Posted in on September 30, 2025

The Internal Revenue Service (IRS) is continuing to aggressively target Paycheck Protection Program (PPP) and Employee Retention Credit (ERC) fraud. PPP fraud and ERC fraud investigations can expose businesses and their owners to substantial risks—including risks for fines and prison time. Learn more from Washington D.C. tax lawyer Kevin E. Thorn, Managing Partner of Thorn Law Group.Read More

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