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

IRS Government Official Updates ABA on Offshore Accounts

Posted in Offshore Account Update on January 24, 2011 | Share

The IRS is close to announcing the details of a follow-up initiative to entice more taxpayers with unreported offshore accounts to voluntarily disclose them to the IRS, Steven Miller, IRS Deputy Commissioner for Services and Enforcement, said January 21, 2011, at the ABA Tax Section meeting.

Miller said the new offshore disclosure initiative will not offer terms as generous as those available to taxpayers who participated in the special Offshore Voluntary Disclosure Program established in 2009, but the structure will be somewhat similar. The IRS intends to use the lessons learned in processing the first batch of offshore cases to guide its new approach, which will include greater centralization, Miller included.

Specifically, the IRS will allow taxpayers who have made voluntary disclosures since the last special program ended to avail themselves of the terms in the new initiative, Miller said. The IRS's belief in allowing taxpayers to make voluntary disclosures should be read in the context of the agency's continued enforcement efforts, he said. The possibility of a second offshore voluntary disclosure program was first raised by IRS Commissioner Douglas Shulman in December.

Stay tuned for more information regarding the new amnesty initiative as new developments are reported by the IRS.

If you have an undisclosed offshore account contact Thorn Law Group today. Immediate action and experienced tax law representation is needed to voluntarily disclose your account in order to avoid criminal prosecution.


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."