Vermont IRS Attorney
Resolving Complex Offshore Account Disclosure Matters for Individuals and Business Owners in Vermont
At Thorn Law Group, our IRS attorneys are committed to protecting the rights of taxpayers in Vermont who have offshore accounts, assets and income to disclose. We understand the complexities of the tax law system and know what it takes to achieve successful results for our clients. If you are an individual or business with accounts overseas, turn to our firm for swift and favorable solutions for matters involving 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.
When to Report Foreign Accounts
Recently, the IRS has been stepping up efforts to investigate foreign account holders. If you are a Vermont taxpayer and have assets held in offshore banks, you are under strict requirements to report your accounts if their aggregate – or combined – value exceeds $10,000 at any moment during a calendar year. Neglecting to disclose your offshore accounts – or underreporting their value – can result in you incurring costly penalties, such as expensive fines and civil or criminal charges.
Thorn Law Group is committed to prevent this from happening.
Led by Managing Partner Kevin E. Thorn, a former attorney for the IRS and U.S. Tax Court, our IRS lawyers work diligently to protect the rights of taxpayers who are struggling with complex IRS liabilities or facing serious IRS penalties. Whether you just opened an account overseas, need help amending a previously filed FBAR or would like to contest the financial penalties the IRS is attempting to impose on you, our Vermont IRS attorneys will work diligently to ensure the most favorable outcome for your tax matter is achieved.
Committed to Exploring All Viable Options for Clients
Managing Partner Kevin E. Thorn and the IRS lawyers at Thorn Law Group use their in-depth knowledge of the tax law system to find the best possible solution for each client’s unique tax concerns. We take the time to thoroughly review all your documents, tax returns and offshore account transactions, and advise you on the optimal course of action, whether it’s the OVDP or another approach.
Turn to our firm for superior legal services regarding:
- 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
Consult With a Skilled Vermont IRS Attorney at Our Firm Today
Disclosing foreign accounts is not an easy process. Just one small mistake can lead you to incur exorbitant fees and life-changing penalties, including imprisonment. We are here to stop this from happening. Through strategic, solution-driven tactics, we aim to resolve your offshore account matters as swiftly and successfully as possible. To schedule a consultation and explore your options, contact Managing Partner Kevin E. Thorn today to schedule a consultation.