South Dakota IRS Lawyer
Superior Legal Assistance for Offshore Voluntary Disclosure and Other Complex Tax Matters
Led by Managing Partner Kevin E. Thorn, the South Dakota IRS lawyers at Thorn Law Group are dedicated to representing taxpayers who have foreign accounts, foreign assets or conduct business overseas. We offer a full range of legal services, including assistance 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 more. We have helped individuals and business owners avoid severe IRS penalties, including expensive fines and even imprisonment, and are ready to assist you as well.
When to Report Foreign Accounts
The IRS is scrutinizing foreign account holders more than ever before in an attempt to seek out tax evaders. Anyone who holds assets in offshore banks and who has a duty to file taxes in South Dakota must disclose their investments if their aggregate total goes above $10,000 at any moment in a calendar year. Since the amount is based on aggregate total, it applies to the sum of all overseas accounts, not that of each separate account.
Failure to report your overseas accounts can cause you to sustain severe consequences, like having to pay expensive fines and back taxes (the fees for which may even exceed the actual value of your assets), being hit with civil penalties, and even incarceration. Luckily, having an experienced IRS attorney on your side can largely reduce your chances of suffering tax-related penalties.
Led by Managing Partner Kevin E. Thorn, the South Dakota IRS lawyers at Thorn Law Group have in-depth knowledge of tax law system and use this insight to reduce your tax liabilities. As former IRS lawyers, we fully comprehend the complexities involved in reporting foreign accounts accurately and will assist you with disclosing your accounts, filing an amended FBAR as well as with contesting IRS charges.
Experienced in All Matters Pertaining to Voluntary Disclosure
Our firm has decades of experience handling offshore account matters and helping taxpayers successfully disclose their foreign-held assets. Whether you are an individual taxpayer or business owner, our IRs attorneys will review every option to ensure that the best solution for your individual tax matter can be attained.
Turn to Thorn Law Group today for assistance 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
Contact a South Dakota IRS Lawyer Today
At Thorn Law Group, we understand that any tax-related matter can be complicated and stressful – especially if you are attempting to disclose foreign account information. We are ready and available to assist you with every aspect of your case, from filling out FBAR paperwork to contesting an IRS audit. Contact Managing Partner Kevin E. Thorn today to schedule a consultation and discover what our IRS attorneys can do for you.