Should Your Business Withdraw Its Employee Retention Credit (ERC) Claim (and What If It’s Already Too Late)?
Posted in Hot Topics, News, Offshore Account Update on October 31, 2023
Posted in Hot Topics, News, Offshore Account Update on October 31, 2023
Posted in Hot Topics, Offshore Account Update on October 29, 2021
For taxpayers who own offshore bank accounts and other foreign financial assets, filing a Report of Foreign Bank and Financial Accounts (FBAR) is an important part of federal tax compliance. Taxpayers whose accounts exceed the statutory thresholds must file FBARs on an annual basis, and failure to do so can lead to steep penalties. So, what if you haven’t met your FBAR filing obligations? Maryland international tax attorney Kevin E. Thorn, Managing Partner of Thorn Law Group explains:
Read MorePosted in Hot Topics, News on September 17, 2021
Posted in Hot Topics, News on April 30, 2021
Posted in Hot Topics, News on November 30, 2020
Combating tax fraud at the international level is among the Internal Revenue Service’s top priorities. The IRS’s Criminal Investigations division (IRS CI) is particularly active in this area, and it works with other tax enforcement authorities around the globe to identify, prosecute, and punish individuals and organizations suspected of engaging in fraudulent practices. As Maryland international tax attorneys, we have significant first-hand experience in this area, and we have successfully defended numerous clients in international tax fraud matters involving IRS CI.
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