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News

Archive by Month: December 2021

2021 Year in Review: What Do U.S. Taxpayers in Massachusetts Need to Know?

Offshore Account Update

Posted on December 31, 2021

As 2021 comes to a close, many people are already looking ahead to 2022. But, as we move into the New Year (and prepare for tax season), it is important to remember some of the key lessons we learned during the year that was. In this article, Boston tax attorney Kevin E. Thorn, Managing Partner of Thorn Law Group, takes a look back at some of the key topics we covered in 2021.

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IRS: Interest Rates to Remain Unchanged for Q1 2022

Articles/News, Offshore Account Update

Posted on December 17, 2021

The Internal Revenue Service (IRS) recently announced that the interest rates for delinquent tax payments will remain unchanged for the first quarter of 2022. This is now the sixth consecutive quarter in a row—dating back to the start of the economic impacts of the COVID-19 pandemic—that the IRS’s interest rates have stayed constant. In this article, Boston tax lawyer Kevin E. Thorn, Managing Partner of Thorn Law Group, explains what individual and corporate taxpayers need to know if they fall behind on their federal income tax liability.Read More

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