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News & Events

Archive by Month: June 2022

The IRS is Emphasizing Offshore Account and Digital Asset Reporting Compliance in 2022

Articles/News, Offshore Account Update

Posted in on June 30, 2022

Each year, the Internal Revenue Service (IRS) publishes a list of its “Dirty Dozen” tax scams. While the list primarily highlights scams that target taxpayers, it also includes tax scams that top the IRS’ list of enforcement priorities. In 2022, the IRS published its “Dirty Dozen” list in a series of articles, and the last article in the series makes clear that the IRS is prioritizing offshore account and digital asset reporting compliance in 2022. Learn more from New Jersey tax attorney Kevin E. Thorn, Managing Partner of Thorn Law Group:

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Make Sure You Know Your Quarterly Estimated Tax Responsibilities to Avoid Underpayment Penalties in 2022

Articles/News, Hot Topics, Offshore Account Update

Posted in on June 16, 2022

Most New Jersey residents think about taxes once a year—usually a few weeks or months before April 15. But, many taxpayers have an obligation to make quarterly estimated tax payments throughout the year. Taxpayers who fail to make estimated payments as required can face steep penalties, and they can increase their risk of facing a tax audit or investigation. Learn more from New Jersey tax attorney Kevin E. Thorn, Managing Partner of Thorn Law Group.

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