Experienced Tax Attorneys


Call Us Confidentially Now: 201-355-8202


Call us confidentially now:
201-355-8202


You Deserve Confidentiality & Trusted Tax Law Experience

Get Help Now

News & Events

Archive by Month: January 2021

It’s Tax Season—Do You Need to Report Your Offshore Assets in 2021?

Offshore Account Update

Posted in on January 29, 2021

It is a new year, and that means that it is tax time. While Tax Day is not until April 15, U.S. taxpayers must start preparing now in order to ensure that they will be able to file their state and federal returns by the due date. But, for taxpayers who own offshore assets, their federal returns may not be all they need to file in 2021. As New Jersey offshore tax attorney Kevin E. Thorn, Managing Partner of Thorn Law Group explains, these taxpayers may need to file an FBAR and IRS Form 8938 as well.

Read More

What are the FBAR and FATCA Filing Requirements for Offshore Cryptocurrency?

Offshore Account Update

Posted in on January 15, 2021

Cryptocurrency investors must report all taxable income from mining, sales, and other transactions on their annual tax returns, and they must pay all income taxes that are due. However, these are not the only requirements that exist at the federal level. As New Jersey tax attorney Kevin E. Thorn, Managing Partner of Thorn Law Group, explains, for cryptocurrency held in offshore accounts, reporting obligations under the Bank Secrecy Act and the Foreign Account Tax Compliance Act (FATCA) may apply as well.

Read More

Back to the top