News & Events
Category: Offshore Account Update
The IRS is Encouraging Whistleblowers to Report Corporate Tax Fraud
Offshore Account UpdatePosted in on May 16, 2025
Since its establishment in 2007, the IRS’ Whistleblower Office has awarded more than $1.3 billion to whistleblowers who have helped the agency recover more than $7 billion in delinquent taxes, interest and penalties. Now, the Whistleblower Office is revamping its operations to encourage even more whistleblowers to come forward. For corporate taxpayers, whistleblower complaints can create substantial liability exposure, and even when a whistleblower’s allegations are unfounded, avoiding unnecessary liability requires the representation of an experienced Washington D.C. tax lawyer.
Read MoreIRS Issues Warning About Online Scams Encouraging False Credits, Deductions, and Withholdings on 2025 Tax Returns
Offshore Account UpdatePosted in on March 17, 2025
IRS Highlights Five Important Tax Changes for 2025
Offshore Account UpdatePosted in on February 28, 2025
The Internal Revenue Service (IRS) recently issued a News Release highlighting seven important changes to the federal tax code for 2025. These changes apply to tax returns for the 2024 tax year filed with the IRS in 2025. Here is an overview of what taxpayers need to know from Washington D.C. IRS tax lawyer Kevin E. Thorn, Managing Partner of Thorn Law Group.
Read MoreWhat to Do if You Discover Past Mistakes When Preparing Your Tax Return in 2025
Offshore Account UpdatePosted in on February 14, 2025
What should you do if you discover past mistakes when preparing your tax return in 2025? If you are asking this question, you are not alone. Federal tax mistakes are extremely common, and unintentional mistakes are among the main reasons why individual taxpayers face audits from the Internal Revenue Service (IRS). Learn more from Washington D.C. tax lawyer Kevin E. Thorn, Managing Partner of Thorn Law Group.
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