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Arts Cannabis Entertainment Real Estate Sports

News

Archive by Year:2020

IRS Issues Another Round of “Educational Letters” to Cryptocurrency Holders

Articles/News, Hot Topics

Posted on August 31, 2020

Last summer, we reported on the Internal Revenue Service’s (IRS) issuance of more than 10,000 “educational letters” to U.S. taxpayers who were suspected of underreporting and underpaying their federal income tax liability with respect to their cryptocurrency holdings. On August 14, 2020, the IRS sent another round of letters to cryptocurrency investors in Massachusetts and across the United States. If you received one of these letters, you will need to review the letter carefully, and it will be important for you to speak with a Boston IRS tax lawyer promptly.Read More

DOWNLOAD NOW: A Rare Look Inside the IRS Tax Audit Process in 2020

Hot Topics

Posted on August 28, 2020

Being audited by the Internal Revenue Service (“IRS”) can be a traumatizing experience, to say the least.  In this tell-all, former IRS Attorney, Kevin E. Thorn, discloses not only what each type of IRS tax audit entails, but also how to proceed in defending an IRS tax audit.   

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Here’s What to Do if You are Contacted by IRS Criminal Investigations in Boston

Articles/News

Posted on August 17, 2020

While most Internal Revenue Service (IRS) inquiries are civil in nature, many involve criminal allegations. IRS Criminal Investigations (IRS CI) is the agency’s division primarily tasked with investigating federal tax crimes, and it works with U.S. Attorneys around the country to pursue charges for tax fraud, tax evasion and other offenses.Read More

Big Name Directors Being Considered for New Greek Historical Action Adventure Film

Press Releases

Posted on August 11, 2020

Thorn Law Group, a well-known Boston arts law firm and entertainment agency is part of the team developing a new Greek historical action-adventure film. The new venture is considering talented directors, including Robert Zemeckis, Guy Ritchie, and John Woo.  

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Tax Mitigation Strategies for Art Collectors and Investors – Part 2: Donating Artwork to Charity

Articles/News

Posted on July 31, 2020

Investing in artwork provides access to a number of potential tax advantages at the federal level. For collectors and investors who wish to donate pieces in their collections to charity, timing and structuring artwork donations strategically can offer substantial income, gift and estate tax savings. In this second part of our two-part series on tax mitigation strategies for art collectors and investors, we are covering some of the primary ways in which a Boston tax lawyer can assist with maximizing the tax benefits of donating artwork to charity.Read More

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