Thorn Law Group Leads Company in New Zealand through the IRS’s Streamlined Filing Compliance Procedures, Resulting in a 0% Penalty
Kevin E. Thorn, Managing Partner of Thorn Law Group, helped a business and business owner with bank accounts in New Zealand through the IRS’s Streamlined Filing Compliance Procedures. Mr. Thorn assisted the client with fulfilling their FBAR requirement as well as with providing the IRS with the necessary IRS Forms 5471(Business IRS forms) for their IRS voluntary disclosure. By effectively representing the client’s non-willful non-compliance and strategically navigating the business owner through the complicated IRS Offshore Voluntary Disclosure Program, Mr. Thorn was able to obtain a 0% penalty for the client, saving them over a million dollars. The business was able to seamlessly continue operations with little interruption and financial distress. The business owner is now aware of their reporting requirements under the U.S. Tax Laws and properly files their FBARs every year with the assistance of Thorn Law Group.