Archive by Year:2020 - Page 3
The Internal Revenue Service Criminal Investigations division (IRS CI) investigates tax crimes and collects evidence that the U.S. Department of Justice (DOJ) can use to pursue criminal charges in federal district court. As a result, facing an IRS CI investigation is a serious matter; and, if you have been contacted by special agents from IRS CI, it is important that you speak with a Washington D.C. criminal tax lawyer promptly.Read More
When Can (and Should) Taxpayers Take Advantage of the IRS’ Voluntary Disclosure Practice?
Offshore Account UpdatePosted in on July 24, 2020
With Tax Day delayed until July 15 due to the COVID-19 pandemic, the Internal Revenue Service’s (IRS) annual wave of audits targeting individuals and companies suspected of underreporting and underpaying their federal income tax obligations has been delayed as well. But, the time has come; and, if you are being audited, it is important that you take the necessary steps to protect yourself. Here are five tips from Washington D.C. tax lawyer Kevin E. Thorn, Managing Partner of Thorn Law Group.Read More
Can Businesses Deduct Expenses Paid with Paycheck Protection Program (PPP) Loans?
NewsPosted in on June 16, 2020
What Do Cryptocurrency Investors Need to Report on Their Federal Tax Returns?
Hot Topics, NewsPosted in on May 5, 2020
As 2020’s revised Tax Day inches closer, many individuals and businesses are beginning the process of gathering the information needed in order to prepare their returns. For many, this includes information about their cryptocurrency investments. After issuing updated guidance (and warning letters) last year, the Internal Revenue Service (IRS) is preparing to hold taxpayers accountable if they fail to properly report cryptocurrency transactions on their July 15, 2020 returns.
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