Delaware IRS Lawyer
Helping Delaware Taxpayers Avoid Severe Tax-Related Penalties Resulting From Undisclosed Foreign Accounts
The IRS lawyers at Thorn Law Group provide superior legal assistance to taxpayers in Delaware who have foreign accounts, earn foreign-sourced income or operate businesses overseas. We strive to reduce the IRS liabilities and penalties that can result from undisclosed foreign financial assets for our clients and help them come into compliance with offshore account reporting regulations. Trust Thorn Law Group with complex tax matters, including Foreign Bank Account Reporting (FBAR), the Foreign Account Tax Compliance Act (FATCA), Offshore Voluntary Disclosure , IRS and DOJ criminal investigations and more.
What Delaware Offshore Account Holders Should Know About Disclosing Their Assets
The IRS has been examining offshore accounts held by U.S. taxpayers in full force for the past few years. Foreign account holders who are liable to pay taxes in Delaware have an obligation to disclose their accounts if the aggregate value exceeds $10,000 at any point during a calendar year. By aggregate, this means that the $10,000 total applies to the sum of all overseas accounts – not for each separate account. If you fail to report your offshore accounts, this can cause you to incur severe fees, as well as civil and even criminal consequences.
Thorn Law Group is here to prevent that from happening. Led by Managing Partner Kevin E. Thorn, a former attorney for the IRS and U.S. Tax Court, our firm is committed to protecting the rights of taxpayers in Delaware with financial interests in or signature authority over accounts and assets held overseas. We’ve saved clients millions of dollars and stopped them from incurring life-changing IRS penalties. Let us do the same for you.
Resolving a Range of Complex Foreign Account Tax Matters for Taxpayers in Delaware
Our firm provides skilled legal representation for individuals, businesses, trusts and financial institutions both domestically and abroad. We understand that tax matters, especially those concerning foreign accounts, are extremely complicated. Our IRS lawyers assist clients throughout every step of their case, from helping with FBAR documents to contesting IRS financial allegations and criminal charges.
Consult with Thorn Law Group today for superior legal assistance with complex tax matters involving:
- 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
Speak to an Experienced Delaware IRS Lawyer Today
The IRS lawyers at Thorn Law Group provide thorough, strategic and solution-driven approaches for taxpayers in Delaware to disclose their offshore accounts quickly and with as few penalties as possible. Contact Managing Partner Kevin E. Thorn today to schedule a consultation.