Offshore Account UpdatePosted on December 17, 2025
The Internal Revenue Service (IRS) recently published a Fact Sheet that addresses its ongoing efforts to target improper Employee Retention Credit (ERC) claims. The ERC was a pandemic-era program that provided significant tax benefits to eligible businesses. But, while eligible businesses were initially allowed to claim the credit retroactively into 2025, the One Big, Beautiful Bill (OBBB) retroactively revised the filing deadline to January 31, 2024.
Read MoreOffshore Account UpdatePosted on November 28, 2025
The Internal Revenue Service (IRS) has launched a two-year pilot program that is intended to make the Post Appeals Mediation (PAM) process “more attractive to taxpayers.” The PAM process is an option for taxpayers who need to challenge decisions issued by the IRS’ Independent Office of Appeals. Learn more from Boston tax lawyer Kevin E. Thorn, Managing Partner of Thorn Law Group:
Read MoreOffshore Account UpdatePosted on November 14, 2025
As 2025 draws to a close, it’s time for U.S. taxpayers to start thinking about their annual returns. While Tax Day may not be until April 15, taxpayers need to prepare in advance to ensure that they will be able to file their returns accurately and on time. This is especially important for taxpayers who have offshore accounts. Learn more from Boston offshore tax lawyer Kevin E. Thorn, Managing Partner of Thorn Law Group.
Read MoreOffshore Account UpdatePosted on October 31, 2025
Internal Revenue Service (IRS) criminal tax cases are on the rise. We have seen an increase in these cases in recent weeks. The IRS is targeting both businesses and individuals; and, along with targeting income tax evasion and tax fraud, it is targeting offenses involving IRS payroll taxes and IRS business taxes as well. Learn more from Boston criminal tax lawyer Kevin E. Thorn, Managing Partner of Thorn Law Group.
Read MoreOffshore Account UpdatePosted on October 17, 2025
The deadline to apply for the Internal Revenue Service’s (IRS) 2026 Compliance Assurance Process (CAP) program is October 31, 2025. The CAP program is one of several pre-filing programs that eligible businesses can use to avoid post-filing scrutiny from the IRS. Should your business apply for the CAP program? Here are some key insights from Boston tax lawyer Kevin E. Thorn, Managing Partner of Thorn Law Group:
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