Offshore Account UpdatePosted in on May 16, 2025
Numerous issues can trigger scrutiny from the Internal Revenue Service (IRS). While some of these issues are well-known (i.e., failing to report employment or business income), others are more likely to lead to trouble for unsuspecting taxpayers. Learn more from Virginia tax lawyer Kevin E. Thorn, Managing Partner of Thorn Law Group:
Read MoreOffshore Account UpdatePosted in on April 25, 2025
Failing to file a federal tax return can have serious consequences. This is especially true for high-income non-filers—with the Internal Revenue Service (IRS) placing particular emphasis on holding these individuals accountable. With this in mind, if you failed to file a federal tax return in 2025, what do you need to know? Virginia tax defense attorney Kevin E. Thorn, Managing Partner of Thorn Law Group, explains:
Read MoreOffshore Account UpdatePosted in on April 11, 2025
Tax Day is April 15, 2025. While some people get their taxes done early, nearly a third of all U.S. taxpayers wait until the last minute, and a significant percentage of U.S. taxpayers are not ready to file when Tax Day arrives. If you fall into this latter category, what do you need to know? Virginia tax attorney Kevin E. Thorn, Managing Partner of Thorn Law Group, explains:
Read MoreOffshore Account UpdatePosted in on March 31, 2025
When preparing your federal tax returns, one of the first decisions you need to make is which version of Form 1040 to use. There are several different versions—including versions intended for self-employed individuals, senior citizens and U.S. taxpayers living overseas. Once you choose the right version of Form 1040, then you need to decide what additional forms you need to submit to the IRS. Learn about some of the most common examples from Virginia IRS lawyer Kevin E. Thorn, Managing Partner of Thorn Law Group.
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Offshore Account UpdatePosted in on March 17, 2025
Each year, the Internal Revenue Service (IRS) publishes a list of tax scams that can cause unsuspecting taxpayers to file fraudulent returns. The IRS refers to these scams as the “Dirty Dozen.” In this article, Virginia tax lawyer Kevin E. Thorn, Managing Partner of Thorn Law Group, highlights some of the top concerns from the IRS’ “Dirty Dozen” list for 2025.
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