Pennsylvania IRS Attorney
Helping Taxpayers in Pennsylvania Resolve Their Tax Liabilities and Avoid IRS Penalties
At Thorn Law Group, we pride ourselves on helping clients attain favorable solutions for even the most complex of tax-related matters. Our Pennsylvania tax attorneys understand that disclosing foreign accounts is not an easy endeavor and will see you through the process, every step of the way. We have already helped hundreds of tax payers save millions in IRS fines and reduced their tax liabilities. Let us do the same for you.
The IRS Is Coming After Foreign Account Holders – You May Be Next
The IRS has stepped up efforts to investigate offshore accounts in order to reduce tax evasion. Pennsylvania taxpayers who have foreign accounts have an obligation to disclose them if the aggregate total of their accounts surpasses $10,000 at any point during a calendar year. Since the requirement calls for the aggregate total of all overseas accounts held by a taxpayer, account holders must be active in keeping track of the peak combined amounts instead of looking at each account individually.
Neglecting to disclose offshore accounts can cause taxpayers to sustain costly consequences, like having to pay expensive fines, or worse, imprisonment. However, with the help of an experienced Pennsylvania IRS attorney, you can reduce or even eliminate your chances of suffering tax-related penalties.
Managing Partner Kevin E. Thorn and the skilled attorneys at Thorn Law Group assist taxpayers with both complex domestic and international tax matters. Whether you are interested in the Offshore Voluntary Disclosure Program (OVDP) or would like to explore other options for reporting your foreign accounts, our firm will review every possible avenue to ensure you come into compliance with Foreign Bank Account Reporting (FBAR) regulations quickly and successfully .
Assisting Clients With an Array of Complex Tax Matters
Our firm assists taxpayers with several complex tax matters, from helping them file Form TD F 90-22.1 (Report of Foreign Bank and Financial Accounts, a.k.a. the FBAR) to contesting IRS allegations of tax evasion. We take the time to review your offshore account details, previous tax returns and all other relevant documents to ensure your information is accurate and your IRS liabilities reduced or completely eliminated.
Turn to a Pennsylvania IRS attorney at Thorn Law Group today for assistance with any of the following areas:
- 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
Thorn Law Group Is on Your Side – Consult With a Pennsylvania IRS Attorney Today
Did you know that taxpayers are required to report foreign accounts by filing an FBAR regardless of whether they have a personal interest in or only signature authority over the accounts? Offshore account regulations are not easy to decipher, which can lead taxpayers to make inadvertent mistakes. Fortunately, Thorn Law Group is here to help. Contact Managing Partner Kevin E. Thorn today to learn more about your voluntary disclosure options.