We expect to see an increase in Internal Revenue Service (IRS) audits targeting businesses, partnerships, and high-income individuals in 2026. Audits have been trending upward in recent months, and it appears likely that this trend will continue into the new year. Learn more from New York tax attorney Kevin E. Thorn, Managing Partner of Thorn Law Group.

Federal law requires U.S. taxpayers to disclose their offshore accounts annually. While filing thresholds apply, all taxpayers who own offshore accounts must carefully assess their filing obligations so that they can comply with the law if necessary, and those who are not in compliance must promptly assess their options for submitting a voluntary disclosure. Learn more from New York offshore tax lawyer Kevin E. Thorn, Managing Partner of Thorn Law Group:

We have recently seen a rise in federal tax investigations leading to criminal charges. These cases begin with investigations conducted by Internal Revenue Service Criminal Investigation (IRS CI)—and, when Special Agents at IRS CI believe they have sufficient evidence to substantiate criminal charges, they refer the matter to the U.S. Department of Justice (DOJ) for prosecution in federal court. Learn more from New York criminal tax lawyer Kevin E. Thorn, Managing Partner of Thorn Law Group:

The Internal Revenue Service (IRS) is continuing to prioritize investigations targeting fraud under the Paycheck Protection Program (PPP) and Employee Retention Credit (ERC). Earlier this year, the IRS issued a report in which it disclosed that it has launched investigations targeting an estimated $10 billion in PPP fraud and ERC fraud. Since then, we have seen an uptick in PPP and ERC-related enforcement activity. Learn more from New York tax lawyer Kevin E. Thorn, Managing Partner of Thorn Law Group:

Last year, the Internal Revenue Service (IRS) announced plans to prioritize audits targeting large businesses and high-income individuals. At this point in 2025, the IRS remains focused on achieving these auditing goals. Are you (or is your business) at risk of facing an IRS audit? If so, what can (and should) you do? New York tax audit lawyer Kevin E. Thorn, Managing Partner of Thorn Law Group, explains: