Posted in News, Offshore Account Update on July 19, 2024
Non-compliance with the Affordable Care Act’s (ACA) health insurance requirements can trigger substantial penalties. The Internal Revenue Service (IRS) is auditing ACA compliance in 2024; and, in doing so, it is scrutinizing employers’ records for evidence of any and all statutory violations. For employers targeted in these IRS penalty audits, an informed and proactive defense is essential. Learn more from Maryland IRS lawyer Kevin E. Thorn, Managing Partner of Thorn Law Group:
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Posted in News, Offshore Account Update on May 31, 2024
If you are facing a criminal tax audit in Maryland (or if your company is facing a criminal tax audit in Maryland), there are some important steps you need to take right away. There are also several costly mistakes you need to avoid. These audits present significant risks; and, if you aren’t careful, you could find yourself facing serious criminal charges unnecessarily.
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Posted in News, Offshore Account Update on May 17, 2024
While the COVID-19 pandemic may be over, the federal government’s efforts to target pandemic-era fraud have only just begun. The Internal Revenue Service (IRS) and U.S. Department of Justice (DOJ) are prioritizing pandemic-related fraud cases in 2024, and their efforts to prosecute individuals for paycheck protection program (PPP) and employee retention credit (ERC) fraud are likely to continue well into the future. Maryland tax lawyer Kevin E. Thorn, Managing Partner of Thorn Law Group, explains what this means for PPP and ERC recipients in the Old Line State.
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Posted in News, Offshore Account Update on April 30, 2024
What is at stake if the IRS is auditing your company in Maryland? IRS tax audits can present substantial risks for companies, and understanding these risks is essential for making informed decisions during the audit process. Find out what you need to know from Maryland business tax attorney Kevin E. Thorn, Managing Partner of Thorn Law Group:
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Posted in News, Offshore Account Update on April 12, 2024
As the Internal Revenue Service (IRS) continues targeting Employee Retention Credit (ERC) fraud in 2024, business owners across Maryland are finding themselves facing audits and investigations. These audits and investigations present serious risks, with many leading to criminal charges. But, even when criminal charges aren’t warranted, business owners can still face substantial liability, and working with an experienced Maryland IRS tax attorney is essential for avoiding unnecessary consequences.
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