News,
Offshore Account UpdatePosted in on March 17, 2025
Each year, the Internal Revenue Service (IRS) publishes a list of tax scams that can cause unsuspecting taxpayers to file fraudulent returns. The IRS refers to these scams as the “Dirty Dozen.” In this article, Virginia tax lawyer Kevin E. Thorn, Managing Partner of Thorn Law Group, highlights some of the top concerns from the IRS’ “Dirty Dozen” list for 2025.
Read MoreOffshore Account UpdatePosted in on February 28, 2025
The Internal Revenue Service (IRS) recently published three News Releases that provide tax tips, guidance and warnings on several issues for U.S. taxpayers as they prepare their annual returns in 2025. Since the IRS has called out these issues specifically, they are likely to be among the IRS’ top priorities when selecting taxpayers for audits later this year and beyond. Learn more from Virginia IRS lawyer Kevin E. Thorn, Managing Partner of Thorn Law Group.
Read MoreOffshore Account UpdatePosted in on February 14, 2025
Federal tax mistakes are extremely common. According to the Internal Revenue Service (IRS), the tax gap—the difference between what taxpayers owe and what they have paid—currently stands at $696 billion. If you have recently discovered a mistake on your federal tax returns, what do you need to know? Virginia tax lawyer Kevin E. Thorn, Managing Partner of Thorn Law Group, explains.
Read MoreOffshore Account UpdatePosted in on January 31, 2025
The due date for the final quarterly installment of estimated tax payments for the 2024 tax year was January 15, 2025. If you are behind on your estimated tax payments, what do you need to know? Find out from Virginia IRS lawyer Kevin E. Thorn, Managing Partner of Thorn Law Group.
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Offshore Account UpdatePosted in on January 17, 2025
The Internal Revenue Service (IRS) has issued a new set of regulations governing certain partnership “related party” transactions. Under the new regulations, some of these transactions now constitute “transactions of interest,” which means they are subject to federal reporting requirements. Learn more from Virginia tax attorney Kevin E. Thorn, Managing Partner of Thorn Law Group.
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