Boston Tax & IRS Voluntary Disclosure Lawyers
Offshore Voluntary Disclosure - The New 2012
IRS Amnesty Program
On January 9, 2012, the IRS announced a New Offshore Amnesty Program.
For the 2012 initiative, there is a new penalty framework that requires individuals to pay a penalty of 27.5 percent of the amount in the foreign bank accounts in the year with the highest aggregate account balance over an eight-year period.
Participants must pay back taxes and interest for up to eight years as well as accuracy related and/or delinquency penalties. Furthermore, participants must file all original and amended tax returns and include payments for taxes, interest and accuracy related penalties.
Thorn Law Group currently represents a large number of offshore voluntary disclosure clients from around the globe with accounts at:
- UBS
- Julius Baer
- Basler Kantonalbank
- HSBC
- Bank LEUMI
- NZB
- LGT
- Deutsche Bank
- Credit Suisse
Do not let this rare opportunity to come back into compliance with the IRS pass!
Contact Kevin E. Thorn, Managing Partner, of Thorn Law Group for help. To contact Mr. Thorn, call (617) 692-2989 or e-mail him at ket@thorntaxlaw.com.
Read MoreFormer IRS Tax Attorneys!
The offshore voluntary disclosure attorneys at Thorn Law Group hail from Government service, private law practice, and accounting firms, bringing their collective expertise to bear upon your tax issues in order to successfully represent your interests and those of your business, both within the U.S. and internationally.
Two Offices To Serve You - Boston and Washington, D.C.
Our new office in Boston is centrally located to meet the needs of our growing list of clients in Massachusetts and throughout New England. When a client's tax situation requires an in-person consultation, there is no need for you to travel outside the area for a face-to-face meeting. The experienced tax and Boston IRS disclosure attorneys of Thorn Law Group are just a short train or car ride away – we can even come to you!
Contact Thorn Law Group's IRS voluntary disclosure lawyers today to see how we can meet your tax and litigation needs. For a consultation, contact Kevin E. Thorn, Managing Partner, at ket@thorntaxlaw.com or (617) 692-2989.
Latest Blog Posts
Read Managing Partner Kevin E. Thorn's thoughts on offshore bank accounts and other current topics in his blog.
- IRS’s 2012 Voluntary Disclosure Program Continues to Accept U.S. Taxpayers with Undisclosed Offshore Accounts
- Liechtensteinische Landesbank to Turn Over U.S. Client Data: Undisclosed Offshore Account Holders are Urged to Enter the 2012 IRS Amnesty Initiative
Read More







