New Jersey Tax Lawyer - Thorn Law Group

How Do You Submit a Voluntary Disclosure to the IRS?

Thu, 16 Apr 2026 00:00:00 -0400

Submitting a voluntary disclosure to the Internal Revenue Service (IRS) provides an opportunity to proactively resolve willful tax law violations before they come to light during an audit or investigation. While this can substantially mitigate the risks involved in acknowledging a willful offense, when submitting voluntary disclosures, taxpayers must be extremely careful to avoid mistakes that could lead to an indictment.

What New Jersey Business Owners Need to Know About Facing PPP or ERC Fraud Allegations in 2026

Tue, 31 Mar 2026 00:00:00 -0400

Could you be at risk of facing Paycheck Protection Program (PPP) or Employee Retention Credit (ERC) fraud allegations in 2026? While it has been several years since these pandemic-era programs closed, the Internal Revenue Service (IRS) and the U.S. Department of Justice (DOJ) continue to aggressively target business owners and other individuals suspected of PPP and ERC fraud. As explained by New Jersey tax lawyer Kevin E. Thorn, Managing Partner of Thorn Law Group, facing PPP or ERC fraud allegations can pose serious risks—including the risk of criminal prosecution in some cases:

What Are the Options for Submitting a Streamlined Voluntary Disclosure to the IRS in 2026?

Fri, 20 Mar 2026 00:00:00 -0400

The IRS’ streamlined voluntary disclosure programs provide taxpayers with opportunities to proactively resolve federal tax issues before they result in an audit or investigation. For 2026, the IRS is continuing its two major voluntary disclosure programs offered in previous years. Learn what taxpayers need to know before they submit a streamlined voluntary disclosure from New Jersey international tax attorney Kevin E. Thorn, Managing Partner of Thorn Law Group:

How is an IRS Criminal Tax Audit Different from a

Fri, 27 Feb 2026 00:00:00 -0500

If you are facing an IRS criminal tax audit in New Jersey, it is critical to understand how this differs from facing a “normal” examination. From the IRS personnel and processes involved to the potential outcomes, there are numerous critical differences, and understanding these differences is essential for making informed decisions about your defense. Learn more from New Jersey criminal tax lawyer Kevin E. Thorn, Managing Partner of Thorn Law Group.

What Are the Potential Consequences of an IRS Criminal Tax Audit?

Fri, 13 Feb 2026 00:00:00 -0500

IRS criminal tax audits can present substantial risks for the taxpayers targeted in these inquiries. Facing criminal prosecution in federal court is a very real possibility, and all tax crimes carry step penalties under federal law. Understanding what is at stake in your case is critical—as is knowing what options you have available. Find out more from New Jersey tax attorney Kevin E. Thorn, Managing Partner of Thorn Law Group:

What Are the Proposed Changes to the IRS’ Voluntary Disclosure Program (VDP) in 2026?

Fri, 30 Jan 2026 00:00:00 -0500

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:

Should You File Under the IRS Voluntary Disclosure Program (VDP) in 2026?

Fri, 16 Jan 2026 00:00:00 -0500

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:

IRS Audits Targeting Businesses, Partnerships and Individuals Are on the Rise

Wed, 31 Dec 2025 00:00:00 -0500

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.

IRS Releases Fact Sheet Discussing New OBBB Limitation on the Employee Retention Credit (ERC)

Wed, 17 Dec 2025 00:00:00 -0500

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).

IRS: Taxpayers Who Fall for Social Media Tax Credit Scams Pay the Price

Fri, 28 Nov 2025 00:00:00 -0500

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:

Voluntary Disclosures for Offshore Account Reporting Violations: 2025 End-of-Year Update

Fri, 14 Nov 2025 00:00:00 -0500

The federal Foreign Account Tax Compliance Act (FATCA) and Bank Secrecy Act (BSA) establish separate reporting requirements for U.S. taxpayers who hold qualifying offshore accounts. If a taxpayer fails to comply with the offshore account disclosure requirements under FATCA or the BSA (or both), this can trigger civil or criminal penalties depending on the circumstances involved. As New Jersey offshore tax attorney Kevin E. Thorn, Managing Partner of Thorn Law Group, explains, taxpayers who are in violation of these statutes must promptly assess their options for coming into compliance.

IRS Criminal Tax Cases Involving Income, Payroll and Business Taxes Are On the Rise

Fri, 31 Oct 2025 00:00:00 -0400

The Internal Revenue Service (IRS) has bolstered its efforts to target individuals and businesses in criminal tax cases in recent weeks. We have seen a rise in cases involving IRS income taxes, IRS payroll taxes, and IRS business taxes—with investigations leading to charges against businesses, business owners, and other individuals. Learn more from New Jersey criminal tax attorney Kevin E. Thorn, Managing Partner of Thorn Law Group.

IRS Interest Rates Remain Unchanged for Q4 2025

Fri, 17 Oct 2025 00:00:00 -0400

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.

IRS ERC and PPP Fraud Investigations: What New Jersey Business Owners Need to Know in 2025

Tue, 30 Sep 2025 07:48:37 -0400

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.

Businesses and High-Income Individuals in New Jersey Could Face High-Risk IRS Audits in 2025

Tue, 16 Sep 2025 00:00:00 -0400

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.

100% “Bonus" Depreciation: What Business Owners Need to Know in 2025 (and Beyond)

Fri, 29 Aug 2025 00:00:00 -0400

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.

IRS Criminal Tax Investigations Targeting Casinos: What Executives and Gamblers in New Jersey Need to Know

Fri, 15 Aug 2025 00:00:00 -0400

Should You Submit an IRS Voluntary Disclosure if You Failed to File an FBAR or Form 8938?

Thu, 31 Jul 2025 00:00:00 -0400

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.

Key Tax Changes for Businesses Under the One Big Beautiful Bill

Thu, 17 Jul 2025 00:00:00 -0400

Enacted on July 4, 2025, the One Big Beautiful Bill (OBBB) has several important implications for businesses’ federal tax liability going forward. While several of the changes made by the OBBB provide opportunities for significant tax savings, businesses (and their owners) may see an increase in their tax liability in certain areas as well. Learn more from New Jersey tax lawyer Kevin E. Thorn, Managing Partner of Thorn Law Group:

How Much is the IRS "Failure to File" Penalty?

Mon, 30 Jun 2025 00:00:00 -0400

If you are behind on filing your federal tax returns, you are facing the IRS’s “failure to file” penalty. This penalty begins to accrue immediately, and it continues to accrue for up to five months (subject to the minimum penalty amounts discussed below). Learn about how the IRS calculates the failure to file penalty (and what you can do if you are facing this penalty) from New Jersey tax attorney Kevin E. Thorn, Managing Partner of Thorn Law Group.

IRS Data Book Provides a Look Inside the Agency's Enforcement Process

Mon, 16 Jun 2025 19:57:13 -0400

On May 29, 2025, the Internal Revenue Service (IRS) released its annual Data Book for the 2024 fiscal year. As the IRS notes in a press release announcing the release of the 2024 Data Book, “[f]or the first time, revenue collected exceeded $5 trillion, totaling $5.1 trillion, an increase of almost 9% compared to the prior fiscal year.” However, there are some even more notable figures for taxpayers in the 2024 Data Book. New Jersey IRS lawyer Kevin E. Thorn, Managing Partner of Thorn Law Group, explains.

5 Mistakes to Avoid When You Are Behind on Your Federal Tax Obligations

Fri, 30 May 2025 00:00:00 -0400

If you are behind on your federal tax obligations, you are not alone. However, this does not mitigate the risks you are facing. The IRS targets delinquent taxpayers through a variety of means, and if the IRS targets you in an audit or investigation, you could face substantial liability. Learn more from New Jersey tax audit lawyer Kevin E. Thorn, Managing Partner of Thorn Law Group.

A Whistleblower Reported My Company to the IRS—What Now?

Fri, 16 May 2025 00:00:00 -0400

The Internal Revenue Service (IRS) is one of a handful of federal agencies that have whistleblower programs. Under the IRS’ Whistleblower Program, whistleblowers are entitled to strict confidentiality, and they are also entitled to financial rewards if they help the agency pursue a successful enforcement action. As a result, many companies find themselves facing IRS scrutiny as a result of whistleblower complaints. If a whistleblower has reported your company to the IRS, what do you need to know? New Jersey tax lawyer Kevin E. Thorn, Managing Partner of Thorn Law Group, explains.

What Should I Do if I Missed the IRS Tax Deadline?

Fri, 25 Apr 2025 00:00:00 -0400

If you missed the deadline to file your federal tax return by April 15, 2025, avoiding scrutiny from the Internal Revenue Service (IRS) should be a top priority. Facing an IRS audit when you haven’t filed a return can have serious consequences, especially when you know that you are behind on your federal tax obligations. What can (and should) you do in this scenario? Find out from New Jersey tax audit lawyer Kevin E. Thorn, Managing Partner of Thorn Law Group.

Planning to File on April 15? Don't Make These Last-Minute Mistakes

Fri, 11 Apr 2025 00:00:00 -0400

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.