Saint Kitts & Nevis Tax Attorney
REPRESENTING CLIENTS WITH OFFSHORE ACCOUNTS, INCOME OR CONDUCTING BUSINESS IN SAINT KITTS & NEVIS
Thorn Law Group is comprised of highly sought-after tax professionals who have years of collective experience successfully advising domestic and international clients. Our firm provides swift and effective solutions for a wide range of tax law matters, including Foreign Bank Account Reporting (FBAR), international tax planning, Foreign Accounts Tax Compliance Act (FATCA), IRS case litigation, criminal tax investigations and collections. Turn to a Saint Kitts and Nevis tax attorney today to discuss your case.
HOW FATCA REGULATIONS CAN IMPACT SAINT KITTS & NEVIS FOREIGN ACCOUNT HOLDERS
Since 2015, the government of Saint Kitts and Nevis has complied with the United States’ Foreign Accounts Tax Compliance Act (FATCA). FATCA is a legislation that aims to reduce tax evasion, particularly through the use of foreign accounts. It targets both account holders and financial institutions. For account holders, FATCA requires assets held in offshore accounts that exceed $50,000 to be disclosed. Failure to do so can lead to severe financial penalties upwards of $10,000. For financial institutions, FATCA mandates they report information regarding U.S. taxpayer accounts to the IRS.
If you currently hold assets or earnings in a foreign bank in Saint Kits and Nevis, you may be at risk of serious tax repercussions if you do not properly disclose their full aggregate value. To avoid IRS penalties, it is in your best interest to seek legal counsel with an experienced Saint Kitts and Nevis tax attorney, and that’s where we can step in to assist.
My name is Kevin E. Thorn, Managing Partner at Thorn Law Group. My practice is dedicated to assisting both domestic and international clients with resolving their tax matters and disputes as quickly and effectively as possible – all while reducing their IRs liabilities. Years ago, I worked as an attorney for the IRS and United States Tax Court, which afforded me rare insight into the operations and investigation practices of the U.S. government. Today, I use my experiences to help clients avoid severe tax-related penalties. My legal team and I have a unique understanding of the laws that govern offshore account disclosure and carefully work to identify and resolve disclosure issues to prevent clients from incurring IRS fees and charges. We’ve already saved hundreds of taxpayers millions of dollars and legal charges; let us do the same for you.
Turn to Thorn Law Group for assistance 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
RESOLVE YOUR OFFSHORE ACCOUNT MATTERS WITH THE HELP OF A SAINT KITTS & NEVIS TAX ATTORNEY
When it comes to taxes, there is no such thing as an easy fix. This is especially true when dealing with offshore account matters. The IRS takes foreign account disclosure extremely seriously, and will not hesitate to impose penalties if it believes the individual or business in question was attempting to evade tax liability. To ensure your accounts in Saint Kitts and Nevis comply with FATCA regulations, contact Managing Partner Kevin E. Thorn today.