Oklahoma IRS Attorney
Providing Skilled Legal Services to Taxpayers in Oklahoma Struggling With Offshore Account and Voluntary Disclosure Matters
The Oklahoma IRS attorneys at Thorn Law Group are experienced at resolving complex tax matters and controversies, including those pertaining to offshore accounts and voluntary disclosure. Turn to our firm for assistance if you have foreign accounts, foreign-held assets, foreign-sourced income or conduct business overseas. We can help you with matters pertaining to: 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.
Do You Have Assets in an Offshore Account? You May Be at Risk of IRS Penalties
Recently, the IRS has stepped up its efforts to go after individuals and businesses with foreign-held accounts and assets. Taxpayers with offshore accounts who are required to file taxes in Oklahoma are required to disclose their accounts if their aggregate value goes above $10,000 at any time in a calendar year. Since this figure is based on aggregate total, it applies to the sum of all foreign accounts. Meaning, you must factor in the combined amount of your accounts and keep track of when the combined total exceeds $10,000.
Failure to disclose offshore accounts – or making a mistake when reporting foreign-held assets – can result in taxpayers incurring life-changing penalties, like expensive fees along with civil and criminal consequences. Luckily, help is available right now to prevent you from incurring IRS penalties.
Kevin E. Thorn, Managing Partner at Thorn Law Group, and his legal team have the skills, determination and experience it takes to surpass the most complex of IRS cases. As a former attorney for the IRS and U.S. Tax Court, Kevin E. Thorn knows exactly what’s at stake for clients and how to achieve the successful results they desire. We have helped hundreds of taxpayers save millions of dollars in IRS fees and have stopped clients from incurring the most severe of tax-related charges. Let us do the same for you.
Skilled at Resolving Complex Foreign Account Tax Matters
Thorn Law Group successfully resolves foreign account matters for both individuals and business owners. Whether you have just opened an account overseas or are considering disclosing accounts not previously reported to the IRS, our Oklahoma IRS attorneys will review your documents and tax history to explore every possible solution for your case.
Turn to our firm if you need help with any of the following:
- 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
Resolve Your Offshore Account Matters Today With the Help of an Oklahoma IRS Attorney
Each offshore account case is unique, and therefore, should not be approached in the same way. At Thorn Law Group, our attorneys employ personalized, solution-driven tactics to ensure that the best possible outcome for your case can be achieved. For assistance with your foreign account matters, contact Managing Partner Kevin E. Thorn today to schedule a consultation.