Just before the end of 2025, the Internal Revenue Service (IRS) announced several proposed changes to its Voluntary Disclosure Program (VDP). The proposed changes are subject to public comment through March 22, 2026, and, if finalized, they could take effect before the end of the year. Learn what taxpayers should know about the proposed changes from New Jersey criminal tax lawyer Kevin E. Thorn, Managing Partner of Thorn Law Group:

Filing under the IRS’s Voluntary Disclosure Program (VDP) is an option for U..S. taxpayers who need to resolve willful violations of the Internal Revenue Code (IRC), Bank Secrecy Act (BSA), Foreign Account Tax Compliance Act (FATCA), and other federal tax laws. While there have been several iterations of the VDP over the past couple of decades, the current version of the VDP has now been in place for several years. If you have questions about filing under the VDP in 2026, here are some important insights from New Jersey tax lawyer Kevin E. Thorn, Managing Partner of Thorn Law Group:

The Internal Revenue Service (IRS) is leveraging its ability to conduct invasive audits to collect additional taxes, interest and penalties from both domestic and foreign U.S. taxpayers. This includes businesses, partnerships and high-income individuals. In this article, New Jersey tax attorney Kevin E. Thorn, Managing Partner of Thorn Law Group, explains common issues that can trigger IRS audits and highlights some of the risks involved.

While the One Big, Beautiful Bill (OBBB) made national headlines this summer, one little-known provision in the OBBB addresses businesses’ ability to retroactively claim the pandemic-era Employee Retention Credit (ERC).

The Internal Revenue Service (IRS) recently issued a warning about tax credit scams on social media. It also warned that taxpayers who fall for these scams can pay the price. When it comes to federal tax matters, it is up to taxpayers to ensure compliance, and relying on misinformation posted on social media is not an excuse for underpaying the IRS. Learn more from New Jersey tax lawyer Kevin E. Thorn, Managing Partner of Thorn Law Group: