Contact Now

Get your CONFIDENTIAL consultation

Our experienced tax law team can help.

Name


Email


Phone

Comments/Questions



Experienced Tax Attorneys


Call Us Confidentially Now: 202-349-4033


Call us confidentially now:
202-349-4033


Confidential & Experienced Tax Lawyers

Get Help Now: 202-349-4033

News & Events

It’s Official: The End of IRS’ OVDP is Near

Posted in Offshore Account Update on August 13, 2018 | Share

Have a Former IRS Attorney Help You!

September 28th, 2018 will mark the end of the Internal Revenue Services’ Offshore Voluntary Disclosure Program, commonly referred to as OVDP. The Offshore Voluntary Disclosure Program, which was launched in 2009, serves as an avenue for offshore account holders to come forward with previously undisclosed foreign accounts. The aim was to promote offshore disclosure and create an easy way for participants to comply with US tax laws. By participating in OVDP, taxpayers are promised both protection from criminal exposure and a fair resolution with respect to penalties.

Why is OVDP Ending?

The Offshore Voluntary Disclosure Program is closing due to dwindling participation. In its first few years, up to 18,000 people participated in the OVDP annually. Yet, in 2017, there were only 600 disclosures. Since March, when the IRS announced OVDP’s end, they have stressed that there is still ample time to disclose using the Program. However, with almost just two months left of OVDP, it has never been more imperative for a taxpayer with offshore accounts to weigh their options and speak with a trained tax professional. Washington DC tax lawyer Kevin E. Thorn can help you come into compliance with the IRS. Having helped over 100 individuals over the last 10 years, he can advise you on how to proceed with complicated international tax matters. The risk is high if you do not disclose, with large penalties and even incarceration at stake!

Contact Washington DC Tax Lawyer Kevin Thorn Today

If you have questions about offshore accounts and how to disclose them, it is imperative that you contact Kevin E. Thorn, an experienced tax attorney and the managing partner of Thorn Law Group. Time is running out to disclose funds using OVDP. Call 202-349-4033 today or email ket@thornlawgroup.com.


Thorn Law Group

Get Trusted Help Now

Over 30 years of expertise for your complicated tax law issues.

Back to the Top

Hear What Our Clients Have To Say

"I have personal knowledge that the tax attorneys at Thorn Law Group have developed a nationwide practice guiding individuals, banks, trusts, foundations and other organizations through the processes involved in managing and disclosing offshore bank accounts. The goal for our attorneys is to resolve potential legal issues in advance in order to bring their offshore bank accounts into compliance with government regulations."