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News & Events

Banks Around the World are Coming into Compliance Through FATCA

Offshore Updates

Posted in on October 19, 2012

In an effort to comply with the new provisions set forth in the Foreign Account Tax Compliance Act (FATCA), many banks are in the process of contacting their U.S. clients with undisclosed accounts. Foreign banks are advising their U.S. clients to either come into compliance through the IRS’s 2012 Amnesty Program or risk having their foreign accounts closed.

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!


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