Liechtensteinische Landesbank is actively being investigated by the Internal Revenue Service (IRS) and the United States Department of Justice (DOJ) for helping U.S. taxpayers commit tax fraud.
If you are a U.S. taxpayer with an undisclosed overseas bank account in Liechtenstein you should take steps as soon as possible to ensure that your foreign accounts and assets are properly reported to the IRS.
United States IRS officials announced a 2012 Offshore Voluntary Disclosure Program to encourage U.S. taxpayers with undisclosed offshore accounts to come into compliance.
Thorn Law Group currently represents United States taxpayers who are making voluntary disclosures of their offshore accounts.
Terms of the 2012 IRS Amnesty program include a 27.5 percent penalty on the undisclosed offshore accounts based on the highest total account balances over an eight-year period of each account.
United States clients with undisclosed overseas bank accounts who successfully complete the 2012 IRS Offshore Voluntary Disclosure Program will avoid severe civil penalties and IRS criminal investigations.
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