Ohio IRS Lawyer
Assisting Clients in Ohio With Complex Foreign Account and Voluntary Disclosure Matters
Thorn Law Group offer experienced legal counsel to taxpayers in Ohio who are seeking assistance with the disclosure of their offshore accounts and other complex tax matters. Our goal is to help you disclose your assets and reduce – or completely eliminate – your IRS liabilities and penalties. We have helped hundreds of taxpayers, from high net worth individuals to corporations and will do the same for you. Our legal team is ready to help you with any of the following: 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 more.
What Ohio Taxpayers Who Have Offshore Accounts Need to Know
As of late, the IRS has been looking into foreign accounts in full force. Taxpayers who have assets held in foreign banks and who are liable to pay taxes in Ohio must disclose their accounts if the aggregate value of said accounts goes above $10,000 at any moment in a calendar year. This means that the total applies to the sum of all offshore accounts held by the taxpayer, instead of the individual total of each individual account – an important stipulation that not many are aware of.
Failure to report these offshore accounts can lead you to sustain severe consequences, such as exorbitant fees, as well as civil and even criminal penalties. Taxpayers may find themselves facing these consequences, regardless of whether they purposefully or unintentionally neglected to disclose their foreign account information.
Fortunately, Thorn Law Group is here to help. Managing Partner Kevin E. Thorn, a former attorney for the IRS and U.S. Tax Court, along with his acclaimed legal team understand exactly how the tax system works and use their knowledge to help clients surpass their cases. Our firm has handled a wide variety of tax matters for both individuals and businesses, saving clients millions of dollars in the process. We invite you to give us a call to learn more about how we can assist you with your case.
Skilled at Resolving Complex Foreign Account Tax Matters
Our firm provides skilled legal representation for clients throughout Ohio, including businesses, high net worth individuals, trusts and financial institutions. We can assist you with both domestic and international tax matters, including those related to corporate taxes, individual income taxes, IRS audits and even estate planning.
Each Ohio IRS lawyer at our firm can provide you with assistance for complex tax matters, such as:
- 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 With an Experienced Ohio IRS Lawyer to Get Started on Your Case
Through a solution-driven, strategic approach, the attorneys at Thorn Law Group analyze every document, every tax return and every viable option for our clients to attain the most favorable resolution to their tax matters. If you are struggling with offshore account disclosure or have received a notice that the IRS has already begun investigating your accounts, contact Managing Partner Kevin E. Thorn today to schedule a consultation.