Posted in Offshore Account Update on January 30, 2026
The IRS’ Voluntary Disclosure Program (VDP) provides a way for eligible U.S. taxpayers to resolve willful tax law violations without facing criminal charges. Pending changes to the VDP could impact some taxpayers’ decisions regarding whether to file under the VDP going forward. Learn more from Maryland criminal tax lawyer Kevin E. Thorn, Managing Partner of U.S. International Tax Advisors:
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Posted in Offshore Account Update on January 16, 2026
The IRS’s Voluntary Disclosure Program (VDP) remains open in 2026. While the IRS has proposed changes that could impact voluntary disclosures later this year, for now the rules that were in place in 2025 remain intact. If you are considering a voluntary disclosure in 2026, learn what you need to know from Maryland tax lawyer Kevin E. Thorn, Managing Partner of U.S. International Tax Advisors:
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Posted in Offshore Account Update on November 14, 2025
Taxpayers who own offshore accounts with an aggregate value of $10,000 or more at any time during the calendar year are required to file a Report of Foreign Bank and Financial Accounts (FBAR) with the Financial Crimes Enforcement Network (FinCEN). FBAR filings are due on April 15, though all taxpayers receive an automatic six-month extension—making FBARs due no later than October 15 each year.
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Posted in Offshore Account Update on October 31, 2025
The Internal Revenue Service (IRS) is devoting substantial resources to criminal tax enforcement. This has led to a rise in IRS criminal tax cases targeting both individual and corporate taxpayers. If you are under investigation or facing charges—or if you have concerns about facing an investigation or criminal tax charges—keep reading to learn more from Maryland criminal tax lawyer Kevin E. Thorn, Managing Partner of U.S. International Tax Advisors.
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Posted in Offshore Account Update on September 30, 2025
While the COVID-19 pandemic may be a thing of the past, the Internal Revenue Service (IRS) is continuing to target businesses and business owners suspected of engaging in fraud under pandemic-era programs. This includes fraud under the Paycheck Protection Program (PPP) and the Employee Retention Credit (ERC) program—both of which were intended to help struggling businesses keep their employees on staff during lockdowns. Learn what business owners need to know about facing allegations of pandemic-era fraud in 2025 from Maryland tax lawyer Kevin E. Thorn, Managing Partner of U.S. International Tax Advisors.
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