Minnesota IRS Attorney
Helping Minnesota Taxpayers With Foreign Accounts or Assets Come Into Compliance With FBAR Regulations
The IRS attorneys at Thorn Law Group are committed to helping taxpayers in Minnesota avoid severe tax penalties associated with unreported or underreported offshore accounts and assets. Turn to our firm for assistance with Foreign Bank Account Reporting (FBAR), Foreign Account Tax Compliance Act (FATCA), IRS and DOJ criminal investigations, voluntary disclosure and other matters. We’ve helped hundreds of taxpayers save millions in IRS fees and prevented them from incurring tax-related criminal charges, and are ready and waiting to do the same for you.
What Minnesota Taxpayers With Offshore Accounts Should Know About Reporting Assets
The IRS is targeting offshore accounts increasingly. Offshore account holders who file taxes in Minnesota are required to disclose their assets if the aggregate total surpasses $10,000 at any given moment during a calendar year. Since the threshold is based on aggregate total, it applies to the sum of all foreign-held accounts and not the total of each individual account.
Neglecting to report these overseas accounts can lead taxpayers to incur life-changing penalties, including exorbitant fines, along with civil and even criminal consequences. Thorn Law Group is dedicated to preventing this from happening to you.
Thorn Law Group is a firm that singularly focuses on tax law matters. Managing Partner Kevin E. Thorn formerly served as an attorney for the IRS and the United States Tax Court, and uses his unique insight of the tax law system to provide the best possible defense for taxpayers with undisclosed foreign accounts. Along with his legal team, you can trust Kevin E. Thorn to fight for your rights and explore every option to resolve your offshore account matters quickly and favorably.
Providing a Wide Range of Services for Foreign Account Holders
With years of experience successfully handling complex tax matters, you can rest confidently knowing that our attorneys will stand by your side and guide you through the voluntary disclosure process every step of the way. Whether you are seeking legal counsel for disclosing a new foreign account or would like to amend a previous FBAR you filed, Thorn Law Group will fight for your rights and help you achieve a positive resolution.
Turn to our Minnesota IRS attorneys for help 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
Our Minnesota IRS Attorneys Are Ready to Help You Avoid Tax Penalties
Foreign account matters are among the most complex types of tax matters to both handle and resolve successfully. Attempting to file an FBAR on your own can lead you to make inadvertent mistakes that may ultimately cause you to incur IRS penalties. We’re here to prevent that from happening. If you are a Minnesota taxpayer with offshore accounts to report or IRS charges to contest, contact Managing Partner Kevin E. Thorn today to schedule a consultation and discuss your options.