Mr. Thorn guides an international business with multiple accounts through a complicated offshore disclosure.
An international business came to Thorn Law Group with multiple offshore bank accounts in regions including the Turks and Caicos, the Bahamas and Italy. When they came to the firm, their offshore bank accounts were undisclosed to the Internal Revenue Service (“IRS”). Managing partner Kevin E. Thorn helped the corporation to file multiple IRS Form 5471s as well as FBARs. Mr. Thorn also guided the business through disclosing all offshore bank accounts correctly in all jurisdictions and negotiated with the government to substantially reduce their penalties, in turn saving the corporation millions of dollars.