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Category: Offshore Account Update

Charitable Remainder Annuity Trusts Constitute "Listed Transactions" Under New IRS Regulations

Offshore Account Update

Posted in on July 17, 2026

In July 2026, the Internal Revenue Service (IRS) published new regulations that identify Charitable Remainder Annuity Trusts (CRATs) as “listed transactions.” For U.S. taxpayers who use CRATs for tax mitigation purposes, managing compliance with the IRS’s listed transaction rules will be critical moving forward.Read More

New "Time-Limited" Opportunity Provides Window to Settle Conservation Easement Disputes with the IRS

Offshore Account Update

Posted in on June 30, 2026

The Internal Revenue Service (IRS) announced on May 13, 2026 that it has begun sending settlement letters to eligible taxpayers with pending conservation easement disputes. Taxpayers who receive these letters must quickly decide whether to accept the IRS’ terms, and they will want to consult with an experienced Washington D.C. tax lawyer to ensure that they are making an informed decision.Read More

IRS Ramps Up Pressure on Taxpayers Suspected of Claiming Fraudulent Conservation Easement Deductions

Offshore Account Update

Posted in on June 12, 2026

The Internal Revenue Service (IRS) has recently ramped up pressure on partnerships and other taxpayers suspected of claiming fraudulent conservation easement deductions. This includes both conducting intensive investigations and offering a “time-limited” settlement opportunity to those that may have violated the law. Taxpayers that are facing potential liability related to their conservation easement deductions should consult with an experienced Washington D.C. tax attorney promptly.Read More

IRS and DOJ Ramp Up Efforts to Target Small Businesses, Construction Companies and Their Executives

Offshore Account Update

Posted in on May 29, 2026

The Internal Revenue Service (IRS) and U.S. Department of Justice (DOJ) have been ramping up their efforts to target small businesses, construction companies, and their executives in criminal tax fraud investigations. We have seen an increase in these cases in 2026, with businesses and their executives facing a wide range of federal criminal allegations. Learn more from Washington, D.C. business tax attorney Kevin E. Thorn, Managing Partner of Thorn Law Group.Read More

IRS Offers New Option for Businesses Dealing with ERC Claim Denials

Offshore Account Update

Posted in on May 15, 2026

On April 27, 2026, the Internal Revenue Service (IRS) announced “a new, streamlined way” for businesses to deal with Employee Retention Credit (ERC) denials. While the ERC was a pandemic-era program, the IRS and other federal authorities are continuing to aggressively target ERC fraud in 2026, and this aggressive approach has led to the denial of valid claims in many cases. Learn more from Washington D.C. tax attorney Kevin E. Thorn, Managing Partner of Thorn Law Group.Read More

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