Dominican Republic Tax Lawyer
PROTECTING THE RIGHTS OF U.S. TAXPAYERS WHO HOLD FOREIGN ACCOUNTS IN THE DOMINICAN REPUBLIC
Thorn Law Group is comprised of experienced tax lawyers who are committed to assisting individuals and businesses with complex tax law controversies. If you currently hold any foreign accounts in the Dominican Republic, our legal team can protect your rights and help you avoid serious IRS penalties. Turn to a Dominican Republic tax lawyer at our firm today for help with IRS audits, IRS litigation, offshore bank account reporting, criminal investigations, collections and any other tax law matter.
WE STOP THE IRS FROM IMPOSING SERIOUS TAX PENALTIES
The Dominican Republic is a popular spot for U.S. taxpayers to hold their assets and financial earnings. The country is home to numerous foreign banks, including Banesco, Scotiabank and Banco Promerica. In the Dominican Republic, you’ll also find several commercial and savings/credit banks, such as Banco Popular Dominicano, Bancamérica, Banco Caribe, Banco Atlántico and many others. However, the fact that the nation is a worldwide haven for international investors means that these banks are likely to be under IRS scrutiny.
Anyone who has a responsibility for paying taxes to the United States and has offshore accounts in the Dominican Republic is required to declare the value of their assets if they exceed $10,000 at any point during a calendar year. The requirement is part of the IRS’ Foreign Bank and Financial Accounts Program (FBAR) and is non-negotiable.
However, it often happens that taxpayers are not aware of their tax liabilities or what they must do to disclose their foreign accounts. And, unfortunately, failure to accurately report these accounts can lead to serious IRS penalties, such as expensive fines and even civil or criminal charges. Luckily, a Dominican Republic tax lawyer at Thorn Law Group can provide experienced advice and legal counsel taxpayers need to avoid these repercussions.
Hello, my name is Kevin E. Thorn, Managing Partner at Thorn Law Group. I am also a former attorney for the IRS and the United States Tax Court. My time working for the U.S. government led me to gain invaluable inside knowledge into the strategies the IRS uses to investigate foreign accounts, which I now use to help clients avoid serious penalties. We have already helped hundreds of taxpayers save millions of dollars as well as prevented them from incurring civil and criminal charges; let us do the same for you.
Our firm provides superior legal counsel for a wide array of complex tax matters, such as:
- 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 DOMINICAN REPUBLIC TAX LAWYER FOR HELP TODAY
Thorn Law Group is dedicated to protecting the rights of U.S. taxpayers who have offshore accounts and assets in the Dominican Republic. To ensure you don’t get hit with IRS penalties and reduce your chances of being investigated by the IRS, contact Managing Partner Kevin E. Thorn today for a consultation.