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Archive by Month: November 2021

IRS CI Releases FY 2021 Annual Report

Offshore Account Update

Posted on November 30, 2021

The Internal Revenue Service’s Criminal Investigation Division (IRS CI) recently released its Fiscal Year 2021 Annual Report. The report highlights several key aspects of IRS CI’s enforcement efforts from October 1, 2020 through September 30, 2021. Here, Boston tax attorney Kevin E. Thorn, Managing Partner of Thorn Law Group, discusses some key takeaways for U.S. taxpayers.

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Should You Move to Puerto Rico to Avoid Cryptocurrency Tax Liability?

Offshore Account Update

Posted on November 12, 2021

Among the recent wave of stories published about Facebook whistleblower Frances Haugen, one story published in the New York Times has gotten a lot of attention for reasons not related to Haugen’s formal testimony. Haugen told the New York Times that she “did buy crypto at the right time,” and this, in part, prompted her to move to Puerto Rico with her “crypto friends” earlier this year.

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