Experienced Tax Attorneys


Call Us Confidentially Now: 240-235-5096


Call us confidentially now:
240-235-5096


You Deserve Confidentiality & Trusted Tax Law Experience

Get Help Now

News and Events

Category: News - Page 3

Are You or Your Business a Possible Target for IRS CI in 2022?

Posted in News, Offshore Account Update on November 30, 2021

During its 2021 fiscal year, Internal Revenue Service Criminal Investigation (IRS CI) initiated more than 2,500 investigations resulting in approximately 1,250 sentencings. IRS CI increased its staffing during FY 2021, and it undertook various initiatives to increase its footprint in the U.S. and abroad. So, are you (or is your business) a possible target for IRS CI in 2022? In this article, Maryland tax attorney Kevin E. Thorn, Managing Partner of Thorn Law Group, shares some key insights for U.S. taxpayers heading into the new year.

Read More

As Tax Season Nears, IRS Issues a Warning About Tax Scams

Posted in News, Offshore Account Update on November 12, 2021

It’s the Holiday Season, and that means that tax season is right around the corner. It also means that U.S. taxpayers need to be careful to protect themselves from tax scams. The IRS notes that “[i]n recent years, tax schemes and scams have been on the rise,” and it is warning taxpayers about two types of schemes, in particular, this year. Maryland IRS lawyer Kevin E. Thorn, Managing Partner of Thorn Law Group, explains: Read More

What To Do if You Missed the October 15 FBAR Deadline

Posted in News, Offshore Account Update on October 15, 2021

The deadline to file FBARs for the 2020 tax year expired on October 15, 2021. For taxpayers who missed the deadline, simply filing late can have significant negative consequences. However, there are a few options available for remedying delinquent FBAR filings—including one option that eligible taxpayers can use to avoid penalties entirely. Maryland FBAR attorney Kevin E. Thorn, Managing Partner of Thorn Law Group, explains: Read More

IRS Awards New Contracts to Three Private-Sector Collection Agencies

Posted in News, Offshore Account Update on September 30, 2021

The IRS recently announced that it has awarded new contracts to three private-sector collection agencies. According to the IRS, “[b]eginning Thursday, Sept. 23, 2021, taxpayers with unpaid tax bills may be contacted by one of [these] agencies,” regarding collection. As Maryland tax attorney Kevin E. Thorn, Managing Partner of Thorn Law Group, explains, facing the collection of unpaid federal tax debt is a serious matter, and taxpayers who dispute their tax liability or are unable to pay should not simply ignore these agencies’ efforts to contact them. Read More

House Bill Proposes New “Wash Sale” Tax Rule for Cryptocurrency

Posted in Hot Topics, News on September 17, 2021

The U.S. House of Representatives has proposed a bill that, if passed, will have significant tax consequences for cryptocurrency investors. The bill proposes a “wash sale” rule for cryptocurrency similar to the rule that exists today for stocks, bonds and other securities. Maryland tax attorney Kevin E. Thorn, Managing Partner of Thorn Law Group, explains: Read More

Back to the top