Mr. Thorn helps family overcome disputes as to whether or not they should disclose Non-Resident and Resident Accounts to the Internal Revenue Service.
Managing Partner Kevin E. Thorn successfully assisted an Indian family overcome disagreements about whether or not to disclose Non-Resident and Resident Accounts to the Internal Revenue Service (“IRS”). The family came to the firm with multiple bank accounts in India. Mr. Thorn carefully guided the family through the IRS Offshore Voluntary Disclosure Program, bringing them into compliance with US tax law. In this way all accounts were reported. He then was able to obtain a 5% reduction in penalties, saving the family a substantial amount of money on the hundreds of thousands of dollars they had collectively in their accounts.