2019 Year in Review: Cryptocurrency, Offshore Bank Accounts, and FATCA Enforcement
Offshore Account UpdatePosted in on December 31, 2019
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Posted in on December 31, 2019
Posted in on November 4, 2019
If you are a U.S. citizen or U.S. resident and you own financial assets overseas, you may be subject to reporting requirements under the Foreign Account Tax Compliance Act (FATCA). Failing to meet your FATCA reporting requirements can result in steep penalties. To find out what you need to disclose to the IRS, or to protect yourself if you are being accused of violating FATCA, you should speak with a Washington DC FATCA lawyer right away.
Read MorePosted in on August 8, 2019
Taxation of cryptocurriences is a new and constantly developing area. That is why you need counsel with expertise in IRS enforcement to help you navigate these complex issues, particularly if you are concerned that an audit of your account may lead to other issues, such as foreign reporting compliance, tax evasion, or threat of criminal activity.
Read More"Mr. Thorn and the attorneys at Thorn Law Group were so knowledgeable about the IRS Voluntary Disclosure Program and about the way the IRS Criminal Investigation Division works. Mr. Thorn helped put my mind at ease and walked me through the whole Voluntary Disclosure process. With the help of Thorn Law Group, and Mr. Thorn specifically, we were able to get back into compliance and were able to avoid criminal prosecution."
M Patel