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News and Events

Category: Offshore Account Update

What Maryland Taxpayers Need to Know About the Recent Rise in IRS Criminal Tax Cases

Posted in Offshore Account Update on October 31, 2025

The Internal Revenue Service (IRS) is devoting substantial resources to criminal tax enforcement. This has led to a rise in IRS criminal tax cases targeting both individual and corporate taxpayers. If you are under investigation or facing charges—or if you have concerns about facing an investigation or criminal tax charges—keep reading to learn more from Maryland criminal tax lawyer Kevin E. Thorn, Managing Partner of U.S. International Tax Advisors. Read More

PPP Fraud and ERC Fraud Remain Top IRS Enforcement Priorities

Posted in Offshore Account Update on September 30, 2025

While the COVID-19 pandemic may be a thing of the past, the Internal Revenue Service (IRS) is continuing to target businesses and business owners suspected of engaging in fraud under pandemic-era programs. This includes fraud under the Paycheck Protection Program (PPP) and the Employee Retention Credit (ERC) program—both of which were intended to help struggling businesses keep their employees on staff during lockdowns. Learn what business owners need to know about facing allegations of pandemic-era fraud in 2025 from Maryland tax lawyer Kevin E. Thorn, Managing Partner of U.S. International Tax Advisors. Read More

Maryland Businesses and High-Income Residents Face Increased IRS Audit Risk in 2025 and 2026

Posted in Offshore Account Update on September 16, 2025

Last year, the Internal Revenue Service (IRS) announced plans to significantly increase its audit rates for large businesses and high-income individuals—and so far it appears to be following through. If your business or you personally are on the IRS’s radar, what do you need to know? Maryland tax audit lawyer Kevin E. Thorn, Managing Partner of U.S. International Tax Advisors, explains. Read More

What Happens if You Don’t Disclose Offshore Accounts to the IRS?

Posted in News, Offshore Account Update on July 31, 2025

Owning offshore accounts can trigger federal disclosure obligations, and failing to meet these obligations can trigger steep penalties. As a result, U.S. taxpayers who are behind on their offshore account disclosure violations need to make informed and strategic decisions with their long-term best interests in mind. Learn more from Maryland offshore tax lawyer Kevin E. Thorn, Managing Partner of U.S. International Tax Advisors. Read More

IRS Launches New Initiative Targeting Pass-Through Entities and Their Owners

Posted in Hot Topics, Offshore Account Update on November 15, 2024

The Internal Revenue Service (IRS) has launched a new initiative targeting pass-through entities and their owners. Pass-through entities include partnerships, S-corporations, limited liability companies (LLCs) and trusts—which do not pay federal income tax at the entity level but instead “pass through” their tax liability to their owners (subject to certain exceptions). While millions of business owners rely on this pass-through tax treatment to lawfully minimize the amount they owe, the IRS nonetheless views pass-through entities as a potential red flag for fraud. Learn more from Maryland tax attorney Kevin E. Thorn, Managing Partner of US International Tax Advisors. Read More

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