If the IRS has raided your home or office in New Jersey, you could be facing a wide range of potential charges. While many IRS investigations target tax evasion and tax fraud, the IRS doesn’t just investigate tax crimes. You may need to defend against other charges as well, and building an effective defense strategy will start with ensuring that you understand all of the allegations against you. Learn more from New Jersey criminal tax attorney Kevin E. Thorn, Managing Partner of Thorn Law Group.

As we head into 2025, the Internal Revenue Service (IRS) is continuing to aggressively target taxpayers suspected of Paycheck Protection Program (PPP) and Employee Retention Credit (ERC) fraud. The IRS’ Criminal Investigation Division (IRS CI) is working with federal prosecutors to pursue a wide range of charges in these cases—including charges like wire fraud and money laundering that carry six-figure fines and decades of federal prison time. Learn more from New Jersey criminal tax lawyer Kevin E. Thorn, Managing Partner of Thorn Law Group.

The Internal Revenue Service (IRS) recently released its 2024 Financial Report. While the 164-page report is long and dense, it provides some important insights for U.S. taxpayers heading into 2025. Here, New Jersey tax lawyer Kevin E. Thorn, Managing Partner of Thorn Law Group, shares his five key takeaways.

Late last year, the Internal Revenue Service (IRS) announced plans to create a new “work unit” focused on pass-through entity enforcement. On October 22, 2024, the IRS announced that its new pass-through field operations unit “has officially started work.”

If you own offshore accounts that exceed the reporting thresholds under the Bank Secrecy Act (BSA) or Foreign Account Tax Compliance Act (FATCA), you are required to report your offshore accounts to the Internal Revenue Service (IRS) or the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN), or both. But what happens if you don’t? Can the IRS see your offshore accounts if you don’t report them? New Jersey international tax attorney Kevin E. Thorn, Managing Partner of Thorn Law Group, explains.