Kentucky IRS Attorney
Dedicated to Finding Swift and Successful Solutions to Complex Foreign Account and Voluntary Disclosure Matters
Thorn Law Group’s experienced Kentucky IRS attorneys are committed to providing superior legal services and attaining swift and successful case solutions for taxpayers with undisclosed foreign accounts. With diligent, solution-driven tactics, we handle complex tax matters involving 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. Consult with us today to discover how we can help you avoid IRS penalties and save millions in the process.
Reporting Offshore Accounts – What Every Taxpayer in Kentucky Needs to Know
Are you a Kentucky taxpayer? Do you have accounts held in banks overseas? If so, you may become the target of an IRS investigation – if you aren’t already.
The IRS is cracking down on U.S. taxpayers with foreign accounts in an effort to reduce tax evasion. Offshore account holders have an obligation to disclose their assets if their aggregate total surpasses $10,000 in a calendar year at any moment. Since the aggregate total is the determining factor, account holders must pay close attention to the combined value of all their accounts.
If the $10,000 mark is exceeded and you either fail to disclose your overseas accounts entirely or underreport their value, you may (and are likely to) incur a range of penalties, including expensive fines and criminal charges. Fortunately, this is not something you have to deal with on your own. A Kentucky IRS attorney at Thorn Law Group can protect your rights and reduce your IRS liabilities.
Led by Managing Partner Kevin E. Thorn, Thorn Law Group is comprised of former IRS lawyers who have in-depth knowledge of how the tax system works. We know what options and defenses are available to taxpayers with undisclosed foreign accounts and fight to lower or eliminate your risk of tax-related penalties.
Experienced at Handling Complex Voluntary Disclosure Matters
Thorn Law Group has extensive experience helping taxpayers in Kentucky with complex offshore account and voluntary disclosure matters. We can assist you with filing a Report of Foreign Bank and Financial Accounts (FBAR), an amended FBAR and contesting IRS allegations of tax evasion. Turn to our firm for assistance resolving complex tax matters involving:
- 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 Kentucky IRS Attorney Today to Get Started on Your Case
If you are struggling with foreign account disclosure or other matters related to offshore assets, Thorn Law Group is the firm to turn to for superior legal assistance. We understand the complexities in reporting foreign accounts and how easy it can be for taxpayers to make an honest mistake when disclosing their assets. We work diligently to save you as much as possible and prevent you from incurring civil and/or criminal IRS charges. To discuss your options with an experienced Kentucky IRS attorney, contact Managing Partner Kevin E. Thorn today.