Kansas IRS Lawyer
Superior Legal Counsel for Taxpayers in Kansas Who Have Ownership of or Signature Authority Over Offshore Accounts
Managing Partner Kevin E. Thorn and the experienced Kansas IRS lawyers at Thorn Law Group are dedicated to representing taxpayers who have a financial interest in or signature authority over foreign accounts. Our firm offers a full range of tax consulting and litigation services, including assistance with 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. We have assisted both individuals and business owners avoid severe IRS penalties, including expensive fines and even imprisonment, and are ready to help you as well.
When Should You Report Offshore Accounts?
Foreign account holders are under IRS radar now more than ever before. The agency is stepping up its efforts to investigate offshore accounts in an attempt to seek out and prosecute tax evaders. Taxpayers in Kansas who have assets in offshore financial institutions are required to disclose their investments if the aggregate total of your accounts exceeds $10,000 at any moment in a calendar year. This means that if the sum of all overseas accounts, not the total of each account individually, surpasses the $10,000 threshold, all accounts must be reported.
If a taxpayer fails to disclose their offshore accounts, they are liable to suffer severe IRS consequences, like having to pay expensive fines and back taxes (the fees for which may even exceed the actual value of the assets) and being charged with a tax-related crime. Fortunately, with the help of an experienced IRS attorney, taxpayers reduce their chances of incurring maximum IRS penalties.
Led by Managing Partner Kevin E. Thorn, the Kansas IRS lawyers at Thorn Law Group have in-depth knowledge of tax law system and use this insight to the advantage of their clients. As former IRS lawyers, our attorneys fully comprehend the complexities involved in reporting foreign accounts accurately and will assist you with disclosing your assets, filing an amended FBAR as well as with contesting IRS criminal allegations.
Successfully Handling a Wide Range of Complex Foreign Account and Disclosure Matters
Our firm has decades of experience handling offshore account matters and helping taxpayers successfully disclose their foreign-held assets. Whether you are an individual taxpayer or business owner, our IRs attorneys will review every option to ensure that the best solution for your unique circumstances can be attained.
Turn to Thorn Law Group today for assistance with any of the following:
- 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
Contact a Kansas IRS Lawyer Today
All tax-related matters can be extremely complicated and difficult to handles successfully on your own. Fortunately, you don’t have to. The IRS lawyers at Thorn Law group are ready and available to assist you with every aspect of your case, from helping you file an FBAR for the first time to contesting an IRS criminal charge on your behalf. Contact Managing Partner Kevin E. Thorn today to schedule a consultation.