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Archive by Month: November 2021

IRS CI: 93 Percent of Assets Seized in 2021 Were Cryptocurrency

Posted in News, Offshore Account Update on November 30, 2021

The Internal Revenue Service’s Criminal Investigation Division (IRS CI) recently released its FY 2021 Annual Report. While the Annual Report contains some notable statistics and other information about IRS CI’s enforcement efforts over the prior year, one figure stands out in particular. Virginia tax attorney Kevin E. Thorn, Managing Partner of Thorn Law Group, explains: Read More

IRS Provides Guidance Regarding Taxpayers’ Rights to Legal Representation

Posted in News, Offshore Account Update on November 12, 2021

The Internal Revenue Service (IRS) published a Tax Tip on November 1, 2021 explaining “the right to retain representation” for U.S. taxpayers. The IRS’ message is simple: As a U.S. taxpayer, you have the right to retain a Virginia tax lawyer for any federal tax matter. This is true whether you are seeking to proactively resolve a past filing mistake or you have been contacted by an IRS agent.

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