CALL US CONFIDENTIALLY NOW

Archive by Year:2023 - Page 3

It’s 2023—Do I Still Need to Be Worried About ERC Fraud?

News, Offshore Account Update

Posted in on August 31, 2023

The Employee Retention Credit (ERC) program is one of several federal relief programs that saw high levels of fraud during the COVID-19 pandemic. While the ERC is still available for eligible businesses to claim retroactively, the Internal Revenue Service (IRS) and other federal authorities are actively targeting ERC fraud in 2023.Read More

The IRS is Targeting Tax-Free Distributions Under Maltese Pension Plans

Hot Topics, Offshore Account Update

Posted in on August 11, 2023

In 2011, the U.S.-Malta Tax Treaty started a gold rush of sorts. The treaty’s language arguably (and unintentionally) allowed U.S. taxpayers to open personal retirement plans in Malta, contribute appreciated assets, and then systematically take structured distributions without incurring federal tax liability on the plan’s interest or principal. This led to many taxpayers opening Maltese pension plans—with some avoiding tens of millions of dollars in federal income tax liability.Read More

My Application was Unsuccessful—Can I Still Be Prosecuted for PPP Fraud?

Offshore Account Update

Posted in on July 31, 2023

The Paycheck Protection Program (PPP) officially ended on May 31, 2021. But, while it has now been more than two years since lenders stopped accepting applications, fighting PPP loan fraud still remains a top federal law enforcement priority.Read More

Managing Partner Kevin E. Thorn Interviewed Following Announcement of Hunter Biden Guilty Plea

News

Posted in on July 17, 2023

Kevin E. Thorn, Managing Partner of Thorn Law Group, was recently interviewed on Fox 5 following the announcement that Hunter Biden will plead guilty to misdemeanor tax charges. During the interview, Mr. Thorn shared his insights into the process behind the government’s plea deal negotiations and the factors that will go into the judge’s decision of whether to approve the deal.Read More

Does My Employer Report My Income to the IRS?

Offshore Account Update

Posted in on June 30, 2023

For many people, federal income taxes take a big chunk out of their paychecks. While some taxpayers are entitled to a refund at the end of the year, it is possible to still owe more if your withholding doesn’t fully cover your federal income tax liability.Read More

Thorn Law Group

Get Trusted Help Now

Over 80 years of expertise for your complicated tax law issues.

Back to the Top