If you are facing an IRS criminal tax audit in New York, knowing what to do and knowing what not to do are equally important. This is a high-risk scenario, and it is critical to ensure you make informed, strategic decisions with your long-term best interests in mind. Learn more from New York criminal tax attorney Kevin E. Thorn, Managing Partner of Thorn Law Group.

If you are facing an IRS criminal tax audit in New York, what do you need to know? What can you expect during the audit, and, equally important, what can you expect once the audit is over? Here are some key insights from New York tax attorney Kevin E. Thorn, Managing Partner of Thorn Law Group.

The Internal Revenue Service (IRS) has proposed some significant changes to its longstanding Voluntary Disclosure Program (VDP). If finalized, these changes could take effect later in the year and significantly impact taxpayers’ decisions on whether to submit voluntary disclosures. Learn more from New York criminal tax lawyer Kevin E. Thorn, Managing Partner of Thorn Law Group:

Underreporting or underpaying your federal tax obligations can have serious consequences. So can failing to disclose your offshore accounts or other foreign financial assets to the federal government. The consequences of these violations can be even more serious if you committed them willfully. In this scenario, submitting a voluntary disclosure could be your best option—but it is critical to ensure that you make an informed decision. Learn more from New York tax lawyer Kevin E. Thorn, Managing Partner of Thorn Law Group: