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

Category: Articles/News - Page 6

5 Issues that Can Lead to IRS Scrutiny of “Abusive Trust Arrangements”

Articles/News, Offshore Account Update

Posted in on March 31, 2022

The Internal Revenue Service (IRS) is actively targeting estate planners, grantors, trust administrators and beneficiaries suspected of utilizing abusive trust arrangements to evade federal tax liability. Those who utilize abusive trust arrangements can face IRS audits—and these audits can lead to civil or criminal penalties depending on the IRS’ findings. Here, New Jersey tax lawyer Kevin E. Thorn, Managing Partner of Thorn Law Group, discusses five issues that may lead to IRS scrutiny.

Read More

Specified Foreign Financial Assets: When Do You Need to File IRS Form 8938?

Articles/News, Offshore Account Update

Posted in on February 14, 2022

If you own “specified foreign financial assets,” you may have an obligation to disclose these assets to the Internal Revenue Service (IRS). So, what types of assets qualify, and what do you need to disclose on IRS Form 8938? New Jersey FATCA attorney Kevin E. Thorn, Managing Partner of Thorn Law Group, explains.  

Read More

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: Taxpayers Cannot Rely Solely on FAQs When Making Decisions about Their Returns

Articles/News, Offshore Account Update

Posted in on December 17, 2021

The Internal Revenue Service (IRS) regularly publishes frequently-asked questions (FAQs) on important topics for individual and corporate U.S. taxpayers. For example, the IRS recently published a series of FAQs on the tax implications associated with Coronavirus State and Local Fiscal Recovery Funds (SLFR Funds). However, while the IRS encourages taxpayers to review its guidance, it also wants taxpayers to know that they cannot rely on its guidance exclusively. New Jersey IRS lawyer Kevin E. Thorn, Managing Partner of Thorn Law Group, explains:

Read More

When Can (and Should) You Hire a Lawyer To Deal with the IRS?

Articles/News, Offshore Account Update

Posted in on November 12, 2021

When do you have the right to hire a New Jersey tax lawyer to deal with the Internal Revenue Service (IRS) on your behalf? The answer is much simpler than most people think. While there are complex and nuanced rules about when defendants in criminal matters have the right to representation, you have the right to representation any time you are dealing with the IRS.

Read More

Back to the top