Archive by Month: January 2022

Filing a U.S. Tax Return for the First Time in 2022? Here are Some Important Considerations

Articles/News, Offshore Account Update

Posted in on January 31, 2022

On January 13, 2022, the Internal Revenue Service (IRS) published a Tax Tip titled, “Here Are Reasons People Who Don’t Normally File Should File a 2021 Tax Return.” The Tax Tip goes on to explain various reasons why taxpayers may be entitled to refunds, and it discusses the opportunities that are available for first-time filers to claim child tax credits and recovery rebate credits, among others. But, what the IRS’s Tax Tip doesn’t explain is that filing for the first time can be risky if you should have filed in the past. With this in mind, here are some important considerations for first-time filers in the U.S. and abroad from New Jersey tax attorney Kevin E. Thorn, Managing Partner of Thorn Law Group:

Read More

IRS CI Targets a Broad Range of Charges in Cryptocurrency Cases

Hot Topics, Offshore Account Update

Posted in on January 21, 2022

Despite its mainstream acceptance, cryptocurrency is still closely associated with criminal enterprise. The ability to conduct transactions anonymously has made Bitcoin and other cryptocurrencies attractive to individuals and organizations seeking to keep their activities secret, and this in turn has garnered the attention of federal authorities. As New Jersey criminal tax lawyer Kevin E. Thorn, Managing Partner of Thorn Law Group, explains, the Internal Revenue Service’s Criminal Investigations Division (IRS CI) in particular has recently focused its efforts on targeting market participants for non-tax-related crimes.

Read More

Thorn Law Group

Get Trusted Help Now

Over 80 years of expertise for your complicated tax law issues.

Back to the top