Proactively disclosing violations of the Internal Revenue Code (and other federal tax laws) to the IRS provides an opportunity for U.S. taxpayers to resolve their tax controversies without facing an audit or investigation. But, while IRS disclosures can be extremely beneficial, they can also be extremely risky. As a result, informed decision-making is required, and making informed decisions starts with engaging an experienced Washington D.C. tax attorney who can guide you forward.Read More

The Internal Revenue Service (IRS) has collected $1.3 billion in delinquent taxes from high-income and high-net-worth taxpayers over the past 12 months. These recoveries are the result of two ongoing initiatives specifically focused on high-income and high-net-worth taxpayer compliance. If you fall into one (or both) of these categories, keep reading to learn more from Washington D.C. tax lawyer Kevin E. Thorn, Managing Partner of Thorn Law Group.Read More

The Internal Revenue Service (IRS) recently announced that its Office of Promoter Investigations “has received hundreds of referrals” for alleged Employee Retention Credit (ERC) fraud promotion schemes. While the IRS is holding businesses accountable for submitting fraudulent ERC claims, its Office of Promoter Investigations is also targeting tax advisors, accountants and others suspected of encouraging and facilitating fraudulent filings.Read More

The IRS has reopened its Voluntary Disclosure Program (VDP) for businesses with improper Employee Retention Credit (ERC) claims, providing a limited window to correct errors and avoid future penalties. This initiative, running through November 22, 2024, allows businesses to come forward and correct their ERC claims at a 15% discount, helping them steer clear of audits, penalties, and interest.The IRS has already initiated over 460 false disclosure investigations, but there’s still time to act.Read More

The Internal Revenue Service (IRS) recently issued a News Release that provides an update on its efforts to process the backlog of pending Employee Retention Credit (ERC) claims while also targeting ERC fraud. Targeting ERC fraud has been among the IRS’ top enforcement priorities in 2024, and its enforcement efforts have led to hundreds of criminal cases against businesses and their owners. Learn more from Washington D.C. tax lawyer Kevin E. Thorn, Managing Partner of Thorn Law Group.Read More