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

3 Months Remain: Account Holders with Undisclosed Accounts should Come Forward!

Posted in Press Releases on June 10, 2011 | Share

Kevin E. Thorn, of Thorn Law Group, encourages U.S. taxpayers with undisclosed offshore accounts to come forward through the IRS Voluntary Disclosure Program of 2011.

Washington, DC (PRWEB) June 10, 2011 -- The IRS’s revamped amnesty program has recently released information relating to the treatment of U.S. taxpayers with undisclosed offshore accounts.  The 2011 Offshore Voluntary Disclosure Initiative (“OVDI”) provides for structured penalties without criminal exposure but only if the taxpayer comes forward.  Submission to the IRS’s 2011 OVDI Program ends August 31, 2011.  The OVDI provides the benefit of amnesty along with uniform civil penalties to all taxpayers that come forward.

Kevin E. Thorn, Managing Partner of Thorn Law Group, a law firm that represents many taxpayers throughout the U.S. and around the world with undisclosed offshore accounts states, 
“I have seen an increase over the last few months in taxpayers coming forward and entering into the IRS 2011 OVDI Program with undisclosed foreign accounts. And there is no guarantee that another amnesty program will be initiated by the IRS.” Mr. Thorn continues, “it is in the taxpayers’ best interest to come forward now and to come into compliance on their own with the help of a professional tax controversy lawyer.”

At a conference in Washington, DC  on June 7, 2011,  Steven Miller, Deputy Commissioner for Services and Enforcement stated, “the IRS plans to move against one or more international banks in the next month or so.”  As a result of this further action, Mr. Thorn encourages all U.S. taxpayers with undisclosed offshore bank accounts to “contact a tax controversy attorney immediately in order to assess and possibly minimize their civil and criminal exposure by possibly entering into the current IRS Voluntary Disclosure Program.”

For additional information on the news that is the subject of this release, contact Kevin E. Thorn, Managing Partner of Thorn Law Group at 202-270-7273 or visit us at 
www.thorntaxlaw.com.

About Thorn Law Group, PLLC:

Thorn Law Group, PLLC is a law firm dedicated to helping clients resolve complicated tax, criminal tax, and international tax problems.

Contact:
Kevin E. Thorn, Managing Partner
Thorn Law Group, PLLC
202-270-7273
www.thorntaxlaw.com


Thorn Law Group

Get Trusted Help Now

Over 80 years of expertise for your complicated tax law issues.

Back to the Top

Hear What Our Clients Have To Say

"Kevin Thorn, Managing Partner of Thorn Law Group, is an excellent adviser. My family and I are US citizens living in Europe and the US. Mr. Thorn helped us to understand our opportunities for international investments and estate planning issues so that my siblings and I may continue to further the growth of our businesses, to care for our aging parents and provide for our children. Mr. Thorn and his team were sensitive to our family's needs and helped us identify and understand our options and potential risks associated with US and international activity."