Experienced Tax Attorneys

Call Us Confidentially Now: 201-355-8202

Call us confidentially now:

You Deserve Confidentiality & Trusted Tax Law Experience

Get Help Now

News & Events

Category: Hot Topics

The Need for an Experienced New Jersey Former IRS Tax Attorney: United States Supreme Court Decides for United States Taxpayers!

Hot Topics

Posted in on September 1, 2023

The landscape of tax law is complex and ever-evolving, and recent legal developments have brought significant relief to taxpayers entangled in Foreign Bank and Financial Accounts (FBAR) reporting situations. In a surprising decision, the U.S. Supreme Court has ruled for the U.S. taxpayers and at the same time, has highlighted the importance of seeking expert tax legal counsel, specifically from an experienced New Jersey tax attorney. This blog post examines the Supreme Court's ruling, its implications for taxpayers, and the invaluable role a seasoned NJ tax attorney plays in navigating the intricate terrain of FBAR reporting.

Read More

Maltese Pension Plan Tax Fraud is a Priority for the IRS in 2023

Articles/News, Hot Topics, Offshore Account Update

Posted in on August 11, 2023

The Internal Revenue Service (IRS) is cracking down on taxpayers who use Maltese pension plans to avoid federal income tax liability. Signed in 2011, the U.S.-Malta Tax Treaty opened a loophole that allowed (or at least arguably allowed) taxpayers to contribute appreciated assets to Maltese personal retirement plans and then take staggered tax-free distributions.

Read More

IRS Continues to Target Employee Retention Credit (ERC) Fraud in 2023

Articles/News, Hot Topics, Offshore Account Update

Posted in on March 17, 2023

The Employee Retention Credit (ERC) was a limited-time credit offered to qualifying businesses for the 2020 and 2021 tax years. Unfortunately, similar to the Paycheck Protection Program (PPP) and other pandemic-relief programs, the ERC proved to be a target for widespread fraud. As a result, the Internal Revenue Service (IRS) has been scrutinizing the returns of businesses that claimed this refundable credit—and it is continuing to do so in 2023.

Read More

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.

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

Back to the top