Offshore Account UpdatePosted in on April 11, 2025
If you are planning to file your federal tax return on April 15, you are not alone. Many taxpayers wait until the last minute to file—whether they are simply procrastinating or they are holding onto their funds for as long as possible. In either scenario, it is important to avoid last-minute filing mistakes that have the potential to trigger IRS scrutiny. Learn more from New Jersey tax attorney Kevin E. Thorn, Managing Partner of Thorn Law Group.
Read MoreOffshore Account UpdatePosted in on March 31, 2025
Business owners and independent contractors (including gig workers) need to be careful when preparing their tax returns in 2025. Business tax filing mistakes can lead to substantial penalties—including criminal penalties in some cases. Learn more from New Jersey IRS lawyer Kevin E. Thorn, Managing Partner of Thorn Law Group.
Read MoreOffshore Account UpdatePosted in on March 17, 2025
While submitting an Offer in Compromise to the Internal Revenue Service (IRS) provides an opportunity to settle your federal tax debt for less than the full amount you owe, submitting an Offer in Compromise requires informed and strategic decision-making. If you submit your Offer in Compromise improperly, or if you submit an Offer in Compromise when you don’t qualify, your tax problems could worsen. Here are some important insights from New Jersey tax lawyer Kevin E. Thorn, Managing Partner of Thorn Law Group.
Read MoreOffshore Account UpdatePosted in on February 28, 2025
Each year, the Internal Revenue Service (IRS) publishes resources to help U.S. taxpayers prepare their annual returns. It recently published several resources for 2025. Here is a look at what the IRS wants taxpayers to know this tax season from New Jersey IRS lawyer Kevin E. Thorn, Managing Partner of Thorn Law Group.
Read MoreOffshore Account UpdatePosted in on February 14, 2025
What should you do if you discover that you made a mistake on last year’s tax return when preparing your return in 2025? Or, what if you know that you underreported your taxable income last year, and you want to avoid facing scrutiny from the Internal Revenue Service (IRS) in the future? Find out from New Jersey tax lawyer Kevin E. Thorn, Managing Partner of Thorn Law Group.
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