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Category: Offshore Account Update

Applying for the IRS' Voluntary Disclosure Program: Key Considerations for U.S. Taxpayers

Offshore Account Update

Posted in on April 16, 2026

Taxpayers who are behind on their federal tax obligations are at risk of facing scrutiny from the Internal Revenue Service (IRS). This scrutiny—whether in the form of an audit or a criminal tax investigation—can pose substantial risks. Both types of inquiries can lead to liability for back taxes, interest, and penalties, and criminal investigations can also carry the risk of prison time. Mitigating these risks involves taking a proactive approach with the help of an experienced attorney. Read More

Are You At Risk of Facing a PPP or ERC Fraud Audit or Investigation in 2026?

Offshore Account Update

Posted in on March 31, 2026

Due to widespread fraud during the COVID-19 pandemic, the federal government continues to pursue civil and criminal enforcement actions related to the Paycheck Protection Program (PPP) and the Employee Retention Credit (ERC). We continue to see the Internal Revenue Service (IRS) and the U.S. Department of Justice (DOJ) target businesses and individuals, and both have made clear that targeting pandemic-era fraud remains a top priority in 2026. Learn more from Washington D.C. tax lawyer Kevin E. Thorn, Managing Partner of Thorn Law Group:Read More

Streamlined Filing vs. Voluntary Disclosure: Key Considerations for U.S. Taxpayers in 2026

Offshore Account Update

Posted in on March 20, 2026

Taxpayers who are behind on their federal filing obligations have two primary options for coming into compliance. While submitting a delinquent filing or late payment might seem like the best approach, this will often invite scrutiny from the IRS. As a result, most taxpayers will benefit from using one of the IRS’ streamlined voluntary disclosure programs. Learn more from Washington D.C. international tax attorney Kevin E. Thorn, Managing Partner of Thorn Law Group:Read More

5 Facts You Need to Know When Facing an IRS Criminal Tax Audit

Offshore Account Update

Posted in on February 27, 2026

If you are facing an IRS criminal tax audit, there is a lot you need to know. Federal criminal tax charges carry the possibility of federal prison time, and even if you are able to avoid incarceration, the audit could lead to substantial liability for back taxes, interest, and fines. Learn more from Washington D.C. criminal tax lawyer Kevin E. Thorn, Managing Partner of Thorn Law Group.Read More

What Happens During (and After) an IRS Criminal Tax Audit?

Offshore Account Update

Posted in on February 13, 2026

Facing an IRS criminal tax audit presents substantial risks. Not only can targeted taxpayers face substantial liability for back taxes, interest and penalties, but individuals (including business owners and executives) can face prison time as well. As a result, an informed and strategic defense is essential—and this starts with knowing what to expect during (and after) the process. Find out what you need to know from Washington D.C. tax attorney Kevin E. Thorn, Managing Partner of Thorn Law Group:Read More

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