Posted in Hot Topics, News on April 30, 2021
With 2021’s delayed federal tax deadline of May 17 fast approaching, the Internal Revenue Service (IRS) is warning U.S. taxpayers to be careful when preparing their annual returns. On April 20, the agency issued a News Release advising that taxpayers must, “[s]teer clear of typical tax return errors” in order to avoid unwanted scrutiny. Here, Maryland tax lawyer Kevin E. Thorn, Managing Partner of Thorn Law Group, shares his insights on what taxpayers should do to protect themselves.
Read More
Posted in News, Offshore Account Update on April 16, 2021
After being slowed by the COVID-19 pandemic in 2020, the Internal Revenue Service’s Criminal Investigation Division (IRS CI) is aggressively targeting taxpayers in 2021. IRS CI announced well over 100 criminal investigations in March, and it is set to surpass this monthly total in April. This far exceeds the monthly totals from the same time period last year. As Maryland tax attorney Kevin E. Thorn, Managing Partner of Thorn Law Group, explains, IRS CI’s recent enforcement activity highlights some notable trends for U.S. taxpayers residing both domestically and abroad.
Read More
