If you are behind on filing your federal tax returns, you are facing the IRS’s “failure to file” penalty. This penalty begins to accrue immediately, and it continues to accrue for up to five months (subject to the minimum penalty amounts discussed below). Learn about how the IRS calculates the failure to file penalty (and what you can do if you are facing this penalty) from New Jersey tax attorney Kevin E. Thorn, Managing Partner of Thorn Law Group.

On May 29, 2025, the Internal Revenue Service (IRS) released its annual Data Book for the 2024 fiscal year. As the IRS notes in a press release announcing the release of the 2024 Data Book, “[f]or the first time, revenue collected exceeded $5 trillion, totaling $5.1 trillion, an increase of almost 9% compared to the prior fiscal year.” However, there are some even more notable figures for taxpayers in the 2024 Data Book. New Jersey IRS lawyer Kevin E. Thorn, Managing Partner of Thorn Law Group, explains.

If you are behind on your federal tax obligations, you are not alone. However, this does not mitigate the risks you are facing. The IRS targets delinquent taxpayers through a variety of means, and if the IRS targets you in an audit or investigation, you could face substantial liability. Learn more from New Jersey tax audit lawyer Kevin E. Thorn, Managing Partner of Thorn Law Group.

The Internal Revenue Service (IRS) is one of a handful of federal agencies that have whistleblower programs. Under the IRS’ Whistleblower Program, whistleblowers are entitled to strict confidentiality, and they are also entitled to financial rewards if they help the agency pursue a successful enforcement action. As a result, many companies find themselves facing IRS scrutiny as a result of whistleblower complaints. If a whistleblower has reported your company to the IRS, what do you need to know? New Jersey tax lawyer Kevin E. Thorn, Managing Partner of Thorn Law Group, explains.

If you missed the deadline to file your federal tax return by April 15, 2025, avoiding scrutiny from the Internal Revenue Service (IRS) should be a top priority. Facing an IRS audit when you haven’t filed a return can have serious consequences, especially when you know that you are behind on your federal tax obligations. What can (and should) you do in this scenario? Find out from New Jersey tax audit lawyer Kevin E. Thorn, Managing Partner of Thorn Law Group.