News and Events

While the end of 2020 is likely to mean many different things to many different people, one thing that it means for everyone is that Tax Day will be here before we know it. As we head into 2021, it is important to keep the impending filing deadline in mind—and to take appropriate steps to ensure that you are not putting yourself at risk for an IRS audit or investigation. There is a lot you need to know, and we covered some important issues for Maryland residents on our blog throughout the year. Here is a look back at 10 of the top articles published by Maryland tax attorney Kevin E. Thorn, Managing Partner of Thorn Law Group, in 2020: Read More

Owning foreign financial assets triggers disclosure requirements for U.S. taxpayers; and, as we discussed previously, filing FinCEN Form 114, Report Foreign Bank and Financial Accounts (FBAR), is not enough for many individuals and businesses. But, what if you file IRS Form 8938? Does this satisfy your FBAR filing requirements? Here, Maryland offshore tax attorney Kevin E. Thorn, Managing Partner of Thorn Law Group, explains why filing Form 8938 alone may or may not be enough to protect you from IRS scrutiny. Read More