Chile Tax Lawyer
REPRESENTING CLIENTS WHO HAVE OFFSHORE ACCOUNTS OR FOREIGN BUSINESS VENTURES IN CHILE
The Chile tax lawyers at Thorn Law Group handle Foreign Bank Account Reporting (FBAR), international tax planning, Foreign Accounts Tax Compliance Act (FATCA), IRS case litigation, criminal tax investigations and several other tax-related matters and controversies. Let us put our experience and knowledge to work for you so you can save money and avert life-changing civil or criminal penalties.
UNDERSTANDING FOREIGN BANK ACCOUNT DISCLOSURE OBLIGATIONS
If you have an obligation to pay taxes in the United States and are the primary account holder or signatory authority for an offshore account in Chile, you are required to report your assets to the IRS if the total aggregate value of your accounts exceeds $10,000 at any point in a calendar year. Failure to do so can lead to serious IRS repercussions, including monetary, civil and/or criminal penalties.
Unfortunately, not every taxpayer is aware of their responsibilities when it comes to disclosing foreign account information. Others may have already attempted to disclose their asset history, but may have made an honest mistake when filing their tax paperwork. Because the process of reporting offshore accounts is extremely complex, more often than not, taxpayers can overlook information without meaning to. Yet, the IRS can quickly jump to conclusions and accuse taxpayers of attempting to commit tax evasion or fraud.
Here’s the good news: help is available to taxpayers right now.
HELPING TAXPAYERS COME INTO COMPLIANCE WITH FOREIGN ACCOUNT & ASSET REPORTING REGULATIONS
My name is Kevin E. Thorn, Managing Partner at Thorn Law Group. I founded my firm with the intention of helping taxpayers achieve swift and favorable solutions for their IRS cases and disputes. Throughout the years, I have seen just how easy it can be to overlook information when reporting offshore accounts and assets to the U.S. government. I also know exactly what the IRS looks for when investigating foreign accounts and how to prevent the agency from imposing severe penalties on my clients. This is because I, myself, once served as an attorney for the IRS and United States Tax Court.
My experiences led me to gain invaluable inside knowledge regarding the U.S. tax system and laws, which I now use to help my clients surpass their cases successfully. My legal team and I have helped hundreds of taxpayers just like you avoid millions of dollars in IRS fines along with civil and criminal tax-related charges. We are ready to do the same for you.
Turn to a Chile tax lawyer at Thorn Law Group for help with:
- Foreign Accounts Tax Compliance Act (FATCA)
- Foreign Corrupt Practices Act
- International Banking Law
- International Estate Planning
- International Litigation
- International Tax Disputes
- International Tax Planning
- International Trusts
- Offshore Account/Foreign Bank Account Reporting
- Repatriation of Income
- Residency & Source of Income Disputes
- Tax Evasion
- Tax Penalty Relief
- Voluntary Disclosure
CONTACT A CHILE TAX ATTORNEY TO ATTAIN A SUCCESSFUL CASE RESOLUTION
If you are facing an IRS investigation or have already been charged with tax evasion related to offshore accounts in Chile, Thorn Law Group is ready to help. Our tax attorneys will review every detail of your case and tax history to achieve the most favorable case outcome. To schedule a consultation, contact Managing Partner Kevin E. Thorn today.