The IRS increases employment tax audits into businesses and employers. Kevin E. Thorn, Managing Partner of the Thorn Law Group and former IRS attorney, comments on the risks businesses and employers may face when audited by the IRS.

Swiss banks have begun to disclose information to U.S. authorities. Kevin E. Thorn, Managing Partner of the Thorn Law Group urges U.S. taxpayers with undisclosed offshore accounts to enter the IRS’s 2012 Offshore Voluntary Disclosure Initiative in light of these recent developments.

Swiss banks have recently begun to release employee data, as well as U.S. client information, to U.S. authorities. Kevin E. Thorn, Managing Partner of the Thorn Law Group urges U.S. taxpayers with undisclosed offshore accounts to enter the IRS’s 2012 Offshore Voluntary Disclosure Initiative in light of these recent developments.

The IRS increases employment tax audits into businesses and individual taxpayers. Kevin E. Thorn, Managing Partner of the Thorn Law Group and former IRS attorney, comments on the risks businesses may face when audited by the IRS.

The Internal Revenue Service recently issued new guidance pursuant to the 2012 Voluntary Disclosure Program that may create a new penalty structure for certain U.S. persons entering the program. Mr. Thorn urges U.S. taxpayers with undisclosed offshore accounts to take advantage of the 2012 Offshore Amnesty Program and come into compliance before foreign banks turn-over client names!