Utah IRS Lawyer
Providing Swift and Successful Legal Assistance for Complex Offshore Account and Voluntary Disclosure Cases
The respected IRS lawyers at Thorn Law Group are committed to assisting Utah taxpayers with a range of complex tax matters. Whether you are an individual taxpayer or business owner, if you have offshore accounts, assets or earn income abroad, our firm can help you disclose your investments and lower your risk of incurring IRS fines and penalties. We have helped hundreds of taxpayers save millions of dollars in tax-related fees and avoid life-changing penalties such as civil and criminal charges. Rest assured that we will do the same for you. Turn to Thorn Law Group for help 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 other offshore account matters.
What Utah Taxpayers May Not Know About Offshore Account Reporting
Did you know that if you are a Utah taxpayer and have assets in banks overseas the IRS may be monitoring your accounts? Did you also know that if the aggregate (combined) total of your accounts surpasses $10,000 at any given point in a calendar year, you are required to file a Report of Foreign Bank and Financial Accounts (FBAR)? And, did you also know that neglecting to report your offshore accounts can lead you to sustain serious penalties, like expensive fees, or worse, criminal charges?
Our firm provides skilled legal representation for clients throughout Utah who have accounts, assets or investments overseas. Led by Managing Partner Kevin E. Thorn, the IRS lawyers at Thorn Law Group will explore every possible option to ensure you can disclose your offshore accounts quickly and with the lowest risk of liability.
Our tax lawyers can help you with several different matters, including but not limited to:
- 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
Schedule a Consultation With an Experienced Utah IRS Lawyer Today
Many taxpayers fail to report foreign accounts inadvertently. Sometimes, taxpayers misunderstand the $10,000 threshold for disclosing offshore accounts and believe the limit applies to each account individually. Other times, taxpayers may accidentally underreport their account values because they are reviewing balances in foreign denominations.
It can be easy to overlook key pieces of information when disclosing foreign accounts, but when you have our IRS lawyers on your side, you can rest assured your reports will be filed accurately and any unwarranted IRS charges will be contested. For more information on our services and to start working on your disclosure case, contact Managing Partner Kevin E. Thorn today to schedule a consultation.