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Category: Offshore Account Update - Page 15
Many taxpayers find themselves in the situation of disagreeing with the Internal Revenue Service (IRS) about how much they owe. If you believe the IRS is asking you to pay more than you owe under the Internal Revenue Code, your next step may be to file an appeal. In this article, Boston tax lawyer Kevin E. Thorn, Managing Partner of Thorn Law Group, provides an overview of the IRS appeals process.Read More
IRS CI Highlights “Emphasis Areas” for Tax Enforcement in 2022
Offshore Account UpdatePosted on May 20, 2022
Did You File an FBAR with Your 2022 Federal Income Tax Return?
Offshore Account UpdatePosted on April 29, 2022
What are the Tax Implications of Buying and Selling NFTs?
Offshore Account UpdatePosted on April 15, 2022
IRS Targets Abusive Trust Arrangements in Estate Planning
Articles/News, Offshore Account UpdatePosted on March 31, 2022
Tax planning is a key aspect of estate planning, especially for high-net-worth individuals and couples. When using trusts to mitigate estates’ and beneficiaries’ tax liability, however, estate planners need to be careful. Tax mitigation strategies can go too far, and the Internal Revenue Service (IRS) has recently targeted estate planners, their clients and others for Internal Revenue Code violations related to “abusive trust tax evasion schemes.” Boston tax lawyer Kevin E. Thorn, Managing Partner of Thorn Law Group, explains.
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