The IRS’ interest rates remain unchanged for Q4 2025. These are the interest rates that apply to both overpayments and underpayments—so they are pertinent to a wide range of taxpayers. In this article, New Jersey tax lawyer Kevin E. Thorn, Managing Partner of Thorn Law Group, provides an overview of the IRS’ current interest rates and what taxpayers need to know if they are behind on their federal tax obligations.

Business owners in New Jersey remain at risk of facing Internal Revenue Service (IRS) investigations related to the Paycheck Protection Program (PPP) and Employee Retention Credit (ERC). While both of these pandemic-era programs expired years ago, the IRS has made clear that it is continuing to prioritize PPP and ERC-related enforcement in 2025. Learn more from New Jersey tax lawyer Kevin E. Thorn, Managing Partner of Thorn Law Group.

The Internal Revenue Service (IRS) is following through on plans it announced last year to aggressively audit large businesses and high-income individuals. For corporate and individual taxpayers that fall within the IRS’ current audit priorities, avoiding unnecessary liability requires a proactive approach before the audit process begins. Learn more from New Jersey tax audit lawyer Kevin E. Thorn, Managing Partner of Thorn Law Group.

Among several tax-related provisions in the One Big Beautiful Bill Act (OBBBA) that President Trump signed into law on July 4, 2025 is a provision that restores 100% “bonus” depreciation for qualifying assets. What is “bonus” depreciation, and how can businesses use this provision of the OBBBA to their advantage in 2025 (and beyond)? New Jersey business tax lawyer Kevin E. Thorn, Managing Partner of Thorn Law Group, explains.

If you live in New Jersey and have an offshore bank account—or multiple offshore bank accounts—there is a good chance that you need to file a Report of Foreign Bank and Financial Accounts (FBAR) or Form 8938 on an annual basis. In fact, you might need to file both of these forms each year. So, what if you haven’t? New Jersey international tax attorney Kevin E. Thorn, Managing Partner of Thorn Law Group, explains.