Posted in News, Offshore Account Update on March 31, 2022
Cryptocurrency investing and non-fungible tokens (NFTs) hit the mainstream during the COVID-19 pandemic. But, even before the recent boom, digital assets were already on the Internal Revenue Service’s (IRS) radar. The IRS has been prioritizing enforcement related to Bitcoin and other digital assets for years; and, as the popularity of digital assets has grown, the IRS’s interest in these assets has grown as well. In this article, Maryland tax lawyer Kevin E. Thorn, Managing Partner of Thorn Law Group, explains what cryptocurrency and NFT investors need to know in 2022:
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Posted in News, Offshore Account Update on March 18, 2022
With Tax Day less than a month away, the Internal Revenue Service (IRS) is reminding taxpayers that they need to file on time in order to avoid costly interest and penalties. In this article, Maryland tax lawyer Kevin E. Thorn, Managing Partner of Thorn Law Group, discusses the consequences of failing to file on time and what taxpayers should do if they cannot afford to pay what they owe on April 18.
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