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Maine IRS Lawyer

The respected IRS lawyers at Thorn Law Group are committed to assisting Maine 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. 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 Maine Taxpayers May Not Know About Foreign Account Reporting Laws

Did you know that if you are a Maine 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 Maine who have accounts, assets or investments overseas. Led by Managing Partner Kevin E. Thorn, the IRS lawyers at Thorn Law Group will explore every viable 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:

Schedule a Consultation With an Experienced Maine 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. Then there are times when signature authorities over an account neglect to file an FBAR completely because they are under the misconception that only actual account owners need to file.

We fully understand just how easily vital account details can be overlooked. 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.

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