A Utah Federal Court finds a U.S. taxpayer who failed to report the interest gained through his undisclosed foreign accounts on his individual income tax return to have acted "willfully." This judgment reinforces the government's position disfavoring the actions of U.S. taxpayers with unreported offshore accounts.
The attorneys at Thorn Law Group have experience in assisting U.S. taxpayers into compliance through the IRS Amnesty Program. If you have an undisclosed offshore account contact Thorn Law Group now before it's too late!
