Posted in News, Offshore Account Update on June 30, 2022
As we pass the midway point of 2022, now is a good time for U.S. taxpayers to make sure they are in a good position to avoid an Internal Revenue Service (IRS) audit in 2023. While most taxpayers only think about their obligations to the IRS once a year, planning and strategizing throughout the year can be critical for avoiding unnecessary tax liability and IRS scrutiny. Here are some insights from Virginia IRS defense attorney Kevin E. Thorn, Managing Partner of Thorn Law Group.
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Lots of people rely on tax preparers, and in most cases, this is one of the best and easiest ways to avoid issues with the Internal Revenue Service (IRS). But, what if your tax preparer makes a mistake? Unfortunately, this issue is far more common than it should be, and each year numerous taxpayers find themselves dealing with the IRS because their tax preparers were not as knowledgeable or careful as they should have been. If you find yourself in this scenario, here are some important considerations from Virginia tax attorney Kevin E. Thorn, Managing Partner of Thorn Law Group.
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