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Archive by Month: April 2022

You Missed the April 18, 2022 Tax Deadline. What Now?

Posted in News, Offshore Account Update on April 29, 2022

If you failed to file your income taxes by April 18, 2022, you are not alone. Forbes estimates that around seven million U.S. taxpayers fail to file their returns each year. But, this doesn’t mean that you are in the clear. Federal tax violations can lead to steep penalties—including criminal penalties in some cases. Read More

What Are Your Options if You Can’t Pay Your Tax Bill?

Posted in News, Offshore Account Update on April 15, 2022

What are your options if you can’t afford to pay your tax bill? This is a question that many Maryland taxpayers are forced to ask each year. Depending on your circumstances, you may have several options available, all of which involve paying at least some of your tax liability to the Internal Revenue Service (IRS). Maryland tax lawyer Kevin E. Thorn, Managing Partner of Thorn Law Group, explains: Read More

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