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

Category: Articles & Publications - Page 7

UBS Bank Closing All U.S.-held Offshore Accounts May Cause New Hazards for Taxpayers

Articles & Publications

Posted in on January 15, 2009

Last week, Swiss banking giant UBS AG (UBS) reported that it will close all secret offshore accounts held by U.S. accountholders amid growing pressure from U.S. tax authorities investigating potential tax avoidance by U.S. taxpayers.  The move aids federal authorities in investigating accountholders for filing false tax returns, willful failure to disclose accounts, tax evasion and tax fraud by exposing evidence of the undisclosed accounts.  As discussed earlier this month in the Williams Mullen Tax Law Team Alert, U.S. Government Targets UBS Offshore Account Holders, federal authorities estimate that 19,000 U.S.-held UBS accounts have been used to hide $18 billion in assets - or $300 million in tax liabilities - each year. 

Read More

In-house Tax Professionals Take Notice: The IRS’s Office of Professional Responsibility Can Impose Monetary Penalties

Articles & Publications

Posted in on February 28, 2008

There are many misunderstandings among tax professionals in the private sector concerning their ethical responsibilities and how their conduct fits into the larger picture of corporate America.  First and foremost, tax professionals need to understand their ethical obligations to their clients as well as the consequences of their failure to comply.  This is especially true given the current enforcement-driven environment that exists in the United States.  With the passage of Sarbanes-Oxley, the American Jobs Creation Act of 2004 (“Jobs Act”), and now the Pension Protection Act of 2006, it is more important than ever for all tax professionals to stay involved in local bar associations and keep up-to-date on their evolving ethical responsibilities. 

 

Read More

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

"The attorneys at Thorn Law Group, PLLC have significant experience in all phases of tax controversy, fraud and tax litigation. The Managing Partner, Kevin Thorn, is incredibly personable, yet also brilliant at what he does. Kevin's depth of knowledge in tax administration and procedure provides us with valuable insight into the government's and the courts' perspectives in our case. I would definitely recommend the firm to anyone with needs in resolving any kind of tax disputes."
Stephanie Tee