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Arizona IRS Lawyer

Helping Taxpayers in Arizona With Voluntary Disclosure and FBAR Matters

Thorn Law Group is comprised of former IRS lawyers with extensive experience resolving complex domestic and foreign tax law matters. If you pay taxes in Arizona and have foreign accounts, assets or income, our firm can help you come into compliance with offshore account reporting regulations, so you can avoid serious financial, civil and criminal penalties. Our attorneys can assist you with tax matters involving 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 several others. We’ve saved clients millions of dollars and prevented them from incurring severe tax-related criminal charges; we want to do the same for you.

What Are the Requirements for Reporting Offshore Accounts?

Anyone responsible for paying taxes in Arizona and who has assets held in accounts overseas must report their assets if the aggregate value of said assets exceeds $10,000 at any point in a calendar year. Failure to do so can result in expensive fines that can amount to more than the actual value of the foreign-held assets, as well as incarceration.

Unfortunately, the steps required to disclose foreign accounts – and the paperwork – are extremely complex. Even the savviest of taxpayers can make an honest mistake when reporting offshore accounts, which can lead them to incur serious IRS penalties.

However, it’s important for foreign account holders to know that they have options. The Offshore Voluntary Disclosure Program (OVDP) offers taxpayers a way to report previously undisclosed accounts and reduce their IRS liabilities. Yet, the program is not available to everyone. To qualify, taxpayers must not be under investigation by the IRS and must be non-willful violators – among other requirements.

If you are considering applying for the OVDP or another program, Thorn Law Group can protect your rights. Led by Managing Partner Kevin E. Thorn, former IRS and U.S. Tax Court attorney, our legal team has rare, in-depth knowledge of tax protocols and procedures that we use to your advantage. Our tax lawyers fully understand the complexities involved in offshore account reporting and will assist you with the completion of all documents as well as with contesting IRS penalties.

Our Arizona IRS lawyers are ready to provide you with superior legal services for tax matters related to:

Reduce Your Tax Liabilities With the Help of an Arizona IRS Lawyer at Our Firm

Neglecting to disclose your foreign accounts, assets and foreign-sourced income can cause you to incur thousands – or even millions – in IRS fines and fees. Worse, it may cause you to get charged with life-altering civil and criminal penalties. We aim to prevent this from happening. If you are an Arizona taxpayer and need help disclosing your offshore accounts, contact Managing Partner Kevin E. Thorn today for a confidential consultation to review your options.

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