Idaho IRS Attorney
Committed to Helping Taxpayers in Idaho Avoid Serious IRS Penalties
The experienced IRS attorneys at Thorn Law Group are dedicated to assisting Idaho taxpayers with complex tax matters. Through detailed, solution-driven tactics, we aim to save you money and help you avoid severe IRS consequences, including civil and criminal penalties. Turn to Thorn Law Group for assistance with matters pertaining to Foreign Bank Account Reporting (FBAR), the Foreign Account Tax Compliance Act (FATCA), the Offshore Voluntary Disclosure Program (OVDP), IRS and DOJ criminal investigations, voluntary disclosure and more.
Laws Regarding Offshore Account Disclosure
Lately, the IRS is scrutinizing foreign accounts intensely to uncover tax violations, including tax evasion and tax fraud. Individuals and business owners who have offshore accounts and who are responsible for paying taxes in Idaho must disclose their accounts if the aggregate total surpasses $10,000 at any given moment in a calendar year. Because offshore account reporting requirements are based on aggregate value, taxpayers must keep a close eye on the combined sum of all their foreign-held accounts and report them if the $10,000 mark is exceeded.
For those who fail to do so, the IRS can impose severe penalties, including exorbitant fines and civil or criminal charges. Our goal is to stop this from happening.
My name is Kevin E. Thorn, Managing Partner at Thorn Law Group. As a former attorney for the IRS and U.S. Tax Court, I know exactly how complicated tax cases can be. With my inside knowledge of the tax law system, I can anticipate what the IRS will look for when reviewing a particular taxpayer’s foreign accounts and will advise my clients accordingly. I will let you know if you are missing any information on your disclosure documents and will help you contest IRS charges if you have already received a notice from the IRS that your offshore accounts are being investigated. Along with my skilled legal team, our firm has saved millions of dollars for both individuals and businesses alike – not to mention saved our clients from the most severe IRS penalties, such as charges of tax evasion or fraud. We are ready and waiting to do the same for you.
Handling a Wide Range of IRS Voluntary Disclosure Matters
Thorn Law Group handles a wide array of IRS voluntary disclosure matters for individuals and business owners. Whether you have recently opened a new account overseas or need help disclosing previously unreported accounts, our Idaho IRS lawyers will explore every viable option to attain a swift and favorable solution for your case.
Our firm successfully handles tax cases pertaining to:
- Foreign Account Tax Compliance Act (FATCA)
- Foreign Bank Account Reporting (FBAR)
- International Tax Controversies and Disputes
- IRS and DOJ Investigations and Litigation
- Offshore Voluntary Disclosure
- Undisclosed Foreign Accounts
Avoid Severe IRS Penalties by Contacting an Idaho IRS Attorney Today
If you have foreign-held assets, foreign-sourced income or signature authority over a foreign account, they IRS may have already begun to investigate your investments or earnings. The sooner you resolve your disclosure matters, the faster you can get the IRS off your back. Contact Managing Partner Kevin E. Thorn today to discuss your options and get started on your case.