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Archive by Month: March 2022

Does Your Estate Planning Strategy Involve an “Abusive Trust Tax Evasion Scheme?”

Posted in News, Offshore Account Update on March 31, 2022

In many respects, estate planning and tax planning go hand-in-hand. Failure to consider the tax implications of a proposed planning structure can leave clients and their beneficiaries facing unnecessary tax liability, and this, in turn, can leave estate planners facing allegations of negligence or professional malpractice. Read More

IRS Issues Reminder: Taxpayers Can Face Penalties for Both Failure to File and Failure to Pay

Posted in News, Offshore Account Update on March 18, 2022

On March 17, 2022, the Internal Revenue Service (IRS) published a Tax Tip reminding taxpayers that they can face penalties for both failure to file and failure to pay. So, what if you aren’t ready to file (or pay) on April 18? Virginia tax lawyer Kevin E. Thorn, Managing Partner of Thorn Law Group, explains. Read More

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