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Archive by Month: April 2021

Did You Miss the 2021 FBAR Filing Deadline?

Hot Topics, Offshore Account Update, Press Releases

Posted on April 30, 2021

When the Internal Revenue Service (IRS) extended the federal income tax filing deadline to May 17 for 2021, it left another important deadline untouched: U.S. taxpayers who owned foreign bank accounts in 2020 remained obligated to disclose these accounts by April 15. Since this date has passed, what should you do if you failed to file your Report of Foreign Bank and Financial Accounts (FBAR) on time? Boston international tax attorney Kevin E. Thorn, Managing Partner of Thorn Law Group, explains:

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Could You Be on IRS CI’s Enforcement Radar in 2021?

Offshore Account Update

Posted on April 16, 2021

The Internal Revenue Service’s Criminal Investigation Division (IRS CI) is having a busy year. After pursuing a relatively low number of investigations in 2020 (no doubt attributable in no small part to the COVID-19 pandemic), IRS CI now seems to be making up for lost time. So, could you be on IRS CI’s enforcement radar for 2021? In this article, Boston tax attorney Kevin E. Thorn, Managing Partner of Thorn Law Group, provides his insights on IRS CI’s current law enforcement priorities.Read More

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