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SportsIRS Voluntary Disclosures for 2025: Managing Offshore Account-Related Risk
Offshore Account UpdatePosted on November 14, 2025
News
Category: Offshore Account Update
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 More
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 More
Should Your Business Apply for the IRS' Compliance Assurance Process (CAP)?
Offshore 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:
Read MoreThe Internal Revenue Service (IRS) is continuing to target businesses in Boston and throughout Massachusetts in investigations involving alleged fraud under pandemic-era programs. This specifically includes alleged fraud under the Paycheck Protection Program (PPP) and the Employee Retention Credit (ERC) program. Learn more from Boston tax lawyer Kevin E. Thorn, Managing Partner of Thorn Law Group.Read More
IRS Audits Are On the Rise for Businesses and High-Income Individuals in Massachusetts
Offshore Account UpdatePosted on September 16, 2025
As promised, the Internal Revenue Service (IRS) is ramping up its efforts to audit businesses and high-income individuals. Shortly after last year’s tax season, the IRS announced plans to substantially increase its audit rates for these taxpayers—and so far, it is carrying through with its plans to do so. If you are a business owner or high-income taxpayer in Massachusetts, what does this mean for you? Boston tax audit lawyer Kevin E. Thorn, Managing Partner of Thorn Law Group, explains.
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