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SportsIRS’ New Five-Year Plan Highlights Enforcement Priorities
Offshore Account UpdatePosted on July 29, 2022
News
Archive by Year:2022 - Page 3
On July 20, 2022, the Internal Revenue Service (IRS) published its Strategic Plan FY2022-2026. The IRS’ new five-year plan highlights four primary goals, one of which is to “[e]nforce the tax law fairly and efficiently to increase voluntary compliance and narrow the tax gap.”Read More
What Employers in Massachusetts Need to Know about the Employee Retention Credit in 2022
Articles/News, Offshore Account UpdatePosted on July 22, 2022
IRS Announces New Options to Amend Returns, But Taxpayers Need to Be Careful
Hot Topics, Offshore Account UpdatePosted on June 30, 2022
IRS Crackdown on Gambling and Gaming Leads to Prosecution of Boston Police Officer
Hot Topics, Offshore Account UpdatePosted on June 16, 2022
The Internal Revenue Service (IRS) is cracking down on taxpayers suspected of failing to report income from gambling and gaming activities. This includes individual taxpayers suspected of failing to report winnings as well as casinos and other businesses suspected of underreporting their gaming-related revenues. Recently, this crackdown hit home in Boston, when a local police officer pled guilty to gambling-related tax fraud. Here are some important insights from Boston tax attorney Kevin E. Thorn, Managing Partner of Thorn Law Group:
Read MoreMany taxpayers find themselves in the situation of disagreeing with the Internal Revenue Service (IRS) about how much they owe. If you believe the IRS is asking you to pay more than you owe under the Internal Revenue Code, your next step may be to file an appeal. In this article, Boston tax lawyer Kevin E. Thorn, Managing Partner of Thorn Law Group, provides an overview of the IRS appeals process.Read More
