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Archive by Year:2026

Eligible Taxpayers Have "Time-Limited" Opportunity to Settle Conservation Easement Disputes with the IRS

Offshore Account Update

Posted in on June 30, 2026

The Internal Revenue Service (IRS) is sending settlement letters to eligible taxpayers with pending conservation easement disputes. Taxpayers who receive these letters must accept the IRS’s offer within 90 days to avoid additional liability, though taxpayers must also make informed decisions about whether to settle with the IRS at all. Taxpayers who have claimed valid conservation easement deductions should not accept liability unnecessarily.

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Conservation Easement Fraud Enforcement is a Growing Concern for High-Income Taxpayers in New Jersey

Offshore Account Update

Posted in on June 12, 2026

The Internal Revenue Service is ramping up investigations into high-income taxpayers’ conservation easement deductions. It has also recently launched a “time-limited” settlement program for taxpayers accused of claiming fraudulent deductions. For high-income taxpayers targeted in these initiatives, working closely with an experienced New Jersey tax attorney will be critical for making smart and strategic decisions.

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Small Businesses, Construction Companies and Their Executives Are Facing Increased Scrutiny from the IRS and DOJ in 2026

Offshore Account Update

Posted in on May 29, 2026

Small businesses and construction companies in New Jersey are increasingly facing scrutiny from the Internal Revenue Service (IRS) and the U.S. Department of Justice (DOJ) regarding their federal tax filings. These companies’ executives are increasingly facing scrutiny as well. For these corporate and individual taxpayers, a criminal tax fraud investigation can pose substantial risks, and a proactive, strategic defense is critical to avoiding unnecessary consequences. Learn more from New Jersey criminal tax lawyer Kevin E. Thorn, Managing Partner of Thorn Law Group:

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IRS Offers New Extension for Businesses with Denied ERC Claims in 2026

Offshore Account Update

Posted in on May 15, 2026

The Internal Revenue Service (IRS) has announced a new extension for businesses seeking to challenge denials of their Employee Retention Credit (ERC) claims in 2026. While businesses generally have 2 years to file a refund lawsuit in court, the IRS is allowing eligible businesses to extend this deadline to continue pursuing an administrative resolution. Learn more from New Jersey tax attorney Kevin E. Thorn, Managing Partner of Thorn Law Group.

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Can the IRS Still Pursue PPP and ERC Audits in 2026?

Offshore Account Update

Posted in on April 30, 2026

The Paycheck Protection Program (PPP) closed in 2021, and the Internal Revenue Service (IRS) stopped accepting retroactive Employee Retention Credit (ERC) claims on Tax Day last year. Given this, can the IRS still pursue PPP and ERC audits in 2026? The answer to this question is a clear “Yes,” and the IRS continues to aggressively target PPP and ERC fraud in collaboration with the U.S. Department of Justice (DOJ). Learn more from New Jersey criminal tax lawyer Kevin E. Thorn, Managing Partner of Thorn Law Group:

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