With tax season underway and the Internal Revenue Service (IRS) accepting returns, Massachusetts taxpayers need to ensure that they are prepared to meet their federal filing and payment obligations by Tax Day, which is April 15, 2025. Among other things, this means avoiding common mistakes that have the potential to trigger not only interest and penalties but also scrutiny from the IRS. Here is an overview of five common mistakes to avoid from Boston tax lawyer Kevin E. Thorn, Managing Partner of Thorn Law Group.Read More

The final round of federal estimated tax payments for the 2024 tax year was due on January 15, 2025. So, what if you’re late? Boston IRS tax lawyer Kevin E. Thorn, Managing Partner of Thorn Law Group, explains.Read More

On January 10, 2025, the Internal Revenue Service (IRS) announced that it has issued final regulations identifying certain partnership related-party “basis shifting” transactions as “transactions of interest.” This has significant implications for partnerships and partners that engage in these transactions, and it is a development that will require careful consideration going forward. Learn more from Boston tax attorney Kevin E. Thorn, Managing Partner of Thorn Law Group.Read More

If the Internal Revenue Service (IRS) has raided your home or business in Boston, you need to be very careful about your next steps. IRS raids frequently lead to serious criminal charges—including charges that carry fines and prison time for individual taxpayers and corporate executives. Find out what you need to do to protect yourself from Boston criminal tax attorney Kevin E. Thorn, Managing Partner of Thorn Law Group.Read More

Earlier this year, the Internal Revenue Service (IRS) published a News Release touting its efforts to uncover and prosecute pandemic-era fraud. Since then, it has issued numerous additional News Releases highlighting specific enforcement actions involving the Paycheck Protection Program (PPP) and Employee Retention Credit (ERC). As a result, it is clear that PPP and ERC fraud remain top priorities for the IRS heading into 2025. Learn more from Boston criminal tax lawyer Kevin E. Thorn, Managing Partner of Thorn Law Group.Read More