Internal Revenue Service (IRS) investigations targeting Paycheck Protection Program (PPP) fraud and Employee Retention Credit (ERC) fraud are on the rise. Even though both of these pandemic-era programs ended several years ago, the IRS is continuing to aggressively pursue charges against businesses and business owners—and it has ramped up its efforts in recent months. Learn more from Virginia tax lawyer Kevin E. Thorn, Managing Partner of Thorn Law Group.

IRS audits are on the rise. Consistent with plans the IRS announced last year, we are seeing a high level of audit activity in cases involving large businesses and high-income individuals. Learn more from Virginia tax audit lawyer Kevin E. Thorn, Managing Partner of Thorn Law Group.

One of the key tax provisions in the One Big Beautiful Bill Act (OBBBA) is a provision that permanently extends the 100% “bonus” depreciation rule adopted under the Tax Cuts and Jobs Act (TCJA) of 2017. What is “bonus” depreciation? When can (and should) businesses claim it? What are the risks involved? Virginia business tax attorney Kevin E. Thorn, Managing Partner of Thorn Law Group, explains.

Taxpayers who own offshore accounts may need to disclose these accounts to the federal government annually using a Report of Foreign Bank and Financial Accounts (FBAR) and/or IRS Form 8938. Failure to file an FBAR or Form 8938 can have serious consequences, so it is imperative that taxpayers who are behind on their offshore account disclosures work diligently to come into compliance. Learn more from Virginia international tax attorney Kevin E. Thorn, Managing Partner of Thorn Law Group.

The One Big Beautiful Bill (OBBB) is now officially federal law. President Trump signed the OBBB into law on July 4, 2025, and many of its provisions have immediate implications for the 2025 tax year. With this in mind, what do taxpayers need to know about the OBBB for 2026? Virginia tax lawyer Kevin E. Thorn, Managing Partner of Thorn Law Group, explains: