New Jersey Tax Lawyer

2012 Offshore Business Bank Accounts / IRS Voluntary Disclosures

We can help you with the new 2012 IRS Offshore Amnesty Program!

The IRS introduced a New Amnesty Settlement Initiative for Undisclosed Offshore Business Bank Accounts and Offshore Personal Bank Accounts on January 9, 2012.

The basic terms of the program are:

  1. A 27.5 percent penalty on the taxpayers' undisclosed offshore accounts with the highest aggregate account balance over an eight-year period.
  2. Participants must pay back taxes and interest for up to eight years as well as accuracy related and/or delinquency penalties.
  3. Participants must file all original and amended tax returns and include payments for taxes, interest and accuracy related penalties.

Thorn Law Group is in the process of representing numerous individuals, companies, trusts and other professionals in regard to their voluntary disclosure of previously undisclosed offshore business bank accounts and offshore personal bank accounts.

Come forward while this program is still available!

For help call Kevin E. Thorn, Managing Partner, of Thorn Law Group at (201) 842-7696 or e-mail him at ket@thorntaxlaw.com.

Read More