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: Offshore Account Update

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

IRS CI Continues To Target COVID-Related Tax Fraud

Posted in News, Offshore Account Update on August 13, 2021

Since the early days of the pandemic, the Internal Revenue Service’s Criminal Investigation Division (IRS CI) has been targeting individuals and companies suspected of COVID-related tax fraud. Now, more than a year and a half later, IRS CI is continuing to pursue a large number of investigations focused on violations of the CARES Act and other pandemic relief statutes. Taxpayers targeted in these investigations must defend themselves by all means available, and this starts with hiring an experienced Maryland criminal tax attorney.   Read More

IRS Could Get Significant Boost in Enforcement Resources in 2021

Posted in News, Offshore Account Update on May 28, 2021

In May 2021, the U.S. Treasury Department released its American Families Plan Tax Compliance Agenda (the “Agenda”). The Agenda includes numerous proposals, including several that would significantly enhance the IRS’ enforcement tools and resources in 2021 and beyond. Here, Maryland tax lawyer Kevin E. Thorn, Managing Partner of Thorn Law Group, discusses some of the key proposals of which taxpayers should be aware. Read More

Are You a Prime Target for an IRS Audit in 2021?

Posted in News, Offshore Account Update on May 14, 2021

Under a new Biden administration proposal, the IRS may be significantly increasing its efforts to target delinquent taxpayers in 2021 and beyond. The proposal seeks to raise approximately $700 billion in revenue over the next 10 years by closing the “tax gap,” and this will require the IRS to conduct significantly more audits in the decade to come. So, are you at risk of being audited? In this article, Maryland tax attorney Kevin E. Thorn, Managing Partner of Thorn Law Group, discusses some of the most common triggers for IRS audits. Read More

Back to the top