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News

IRS’s 2012 Voluntary Disclosure Program Continues to Accept U.S. Taxpayers with Undisclosed Offshore Accounts

Offshore Account Update

Posted on August 22, 2012 |

The Internal Revenue Service (IRS) continues to accept 2012 Voluntary Disclosure applicants as U.S. taxpayers seek protection from severe civil penalties and the possibility of criminal prosecution, which has stemmed from the risk of maintaining an undisclosed offshore account.

U.S. authorities continue to aggressively pursue foreign banks allegedly aiding U.S. taxpayers to commit tax fraud. Foreign Banks currently under investigation include: HSBC Holdings Plc, Basler Kantonalbank, Wegelin & Co., Zuercher Kantonalbank, Julius Baer Group Ltd., Bank Leumi Le-Is rael BM, Bank Hapoalim BM, Mizrahi-Tefahot Bank Ltd., and NZB AG.
Now more than ever is the time to hire an experienced Tax Attorney to help you through the 2012 IRS Amnesty Program.

The attorneys at Thorn Law Group have experience in assisting U.S. taxpayers into compliance through the 2012 IRS Amnesty Program. If you have an undisclosed offshore account contact Thorn Law Group now before it's too late!

For a consultation, contact Kevin E. Thorn, Managing Partner, at ket@thornlawgroup.com or (617) 692-2989


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