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Austria IRS Attorney

Assisting Austria Taxpayers With Complex Voluntary Disclosure Matters

Thorn Law Group resolves complex tax cases, including matters related to offshore voluntary disclosure. If you are a U.S. taxpayer with foreign accounts, foreign-held assets or foreign-sourced income in Austria, we can help you save thousands – if not millions – in fees and help you avoid severe IRS civil and criminal charges.

Your Austria Offshore Account Information May Be Compromised

The IRS is cracking down on tax evasion and is focusing its efforts on investigating U.S. taxpayers with offshore accounts. If you have a financial interest in or signature authority over a bank account in Austria, your account information may have already been compromised.

Austria has entered into an agreement with the U.S. to report information about U.S. account holders as part of the Foreign Account Tax Compliance Act (FATCA). If you haven’t disclosed your foreign-held assets and the IRS finds out, you are likely to incur severe financial, civil and criminal tax penalties.

According to the FATCA, all U.S. taxpayers must report their foreign account information when filing their income taxes on a separate document, known as Form 8938. U.S. taxpayers must also disclose their offshore assets on Form 114, Report of Foreign Bank and Financial Accounts (FBAR) if the aggregate total of their offshore accounts exceeds $10,000 in a calendar year and file the form electronically with the Financial Crimes Enforcement Network (FinCEN).

Both FATCA and FBAR violations carry hefty penalties, which can often be greater than the actual sum of the taxpayer’s offshore assets. To avoid the ramifications of a tax violation, it is imperative that account holders consult with an experienced Austria IRS attorney.

The Benefits of Hiring an Experienced IRS Attorney

Having a knowledgeable IRS attorney on your side can mean the difference between having to pay thousands – or even millions – in IRS fees and having fines drastically reduced or even eliminated. The experienced legal team at Thorn Law Group can provide you with the superior legal counsel you need to avoid financial, civil and criminal IRS penalties. Led by Managing Partner Kevin E. Thorn, our firm is comprised of highly skilled former IRS lawyers who possess unique and invaluable knowledge about the tax law system. We are committed to resolving complex foreign account matters and will not rest until the most favorable outcome for each case is attained.

Our Austria IRS attorneys assist U.S. taxpayers with:

Contact an Austria IRS Attorney at Thorn Law Group Today to Avoid Serious Tax Penalties

Failure to disclose offshore account information can lead taxpayers to incur exorbitant fines, not to mention civil and/or criminal charges. Thorn Law Group helps taxpayers with undisclosed or underreported offshore assets in Austria avoid these consequences by bringing them into compliance with both FBAR and FATCA laws. Contact Managing Partner Kevin E. Thorn today for a consultation to discuss your options.


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